Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Down 19.1% in February

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 61,400 shares, a drop of 19.1% from the January 31st total of 75,900 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily volume of 113,800 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Charles & Colvard, Ltd. in a research note on Sunday. They set a “hold” rating on the stock.

Charles & Colvard, Ltd. Trading Down 4.3 %

NASDAQ:CTHR traded down $0.05 during mid-day trading on Tuesday, reaching $1.15. The company’s stock had a trading volume of 13,479 shares, compared to its average volume of 41,714. Charles & Colvard, Ltd. has a 12-month low of $1.05 and a 12-month high of $4.00. The firm’s fifty day moving average price is $1.45 and its two-hundred day moving average price is $1.48. The stock has a market cap of $3.57 million, a P/E ratio of -0.19 and a beta of 1.42.

Charles & Colvard, Ltd. Company Profile

Charles & Colvard Ltd. engages in the manufacture and distribution of moissanite jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. It operates through the following business segments: Online Channels and Traditional. The Online Channels segment refers to the e-commerce outlets, including charlesandcolvard.com, third-party online marketplaces, drop-ship, other pure-play, and e-commerce outlets.