Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Down 37.0% in March

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 32,700 shares, a decline of 37.0% from the February 28th total of 51,900 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 1.8 days.

Charles & Colvard, Ltd. Stock Up 1.0 %

CTHR traded up $0.01 during trading on Friday, hitting $1.00. The company had a trading volume of 2,233 shares, compared to its average volume of 42,123. The company has a market capitalization of $3.12 million, a PE ratio of -0.17 and a beta of 1.27. Charles & Colvard, Ltd. has a one year low of $0.93 and a one year high of $3.90. The firm’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.41.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a research note on Wednesday. They issued a “hold” rating on the stock.

About Charles & Colvard, Ltd.

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.