Caravelle International Group (NASDAQ:CACO) Short Interest Down 7.2% in June

Caravelle International Group (NASDAQ:CACO) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 31,100 shares, a decline of 7.2% from the May 31st total of 33,500 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 178,300 shares, the short-interest ratio is presently 0.2 days.

Caravelle International Group Stock Performance

Shares of NASDAQ:CACO traded down $0.05 during midday trading on Tuesday, reaching $0.44. 151,142 shares of the company traded hands, compared to its average volume of 108,884. The firm’s fifty day moving average price is $0.93 and its two-hundred day moving average price is $0.71. Caravelle International Group has a 12 month low of $0.40 and a 12 month high of $1.21.

Caravelle International Group Company Profile

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through two segments, Ocean Transportation and Heating Business. It provides international shipping services and carbon-neutral solutions for wood desiccation.