Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 85.3% in June

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 63,200 shares, a growth of 85.3% from the May 31st total of 34,100 shares. Based on an average daily volume of 22,200 shares, the short-interest ratio is currently 2.8 days. Approximately 2.7% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. in a research report on Thursday. They set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Performance

CTHR traded down $0.03 during trading on Friday, hitting $1.71. 14,873 shares of the company traded hands, compared to its average volume of 24,365. The stock’s 50-day simple moving average is $2.51 and its two-hundred day simple moving average is $3.34. Charles & Colvard, Ltd. has a 1 year low of $1.53 and a 1 year high of $9.69.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($1.20) EPS for the quarter. Charles & Colvard, Ltd. had a negative return on equity of 51.35% and a negative net margin of 77.23%. The business had revenue of $5.26 million during the quarter.

About Charles & Colvard, Ltd.

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.