Charles & Colvard, Ltd. (NASDAQ:CTHR) Sees Large Decline in Short Interest

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 59,000 shares, a decline of 8.1% from the July 31st total of 64,200 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.9% of the company’s stock are short sold.

Charles & Colvard, Ltd. Price Performance

CTHR stock opened at $1.66 on Wednesday. The stock has a market capitalization of $5.18 million, a P/E ratio of -0.28 and a beta of 1.45. Charles & Colvard, Ltd. has a 1-year low of $1.51 and a 1-year high of $8.45. The business has a fifty day moving average price of $1.75 and a 200-day moving average price of $2.56.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Charles & Colvard, Ltd. in a research note on Friday, August 30th. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Company Profile

Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional. It manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name.