Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Update

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 359,800 shares, an increase of 732.9% from the November 30th total of 43,200 shares. Currently, 17.8% of the company’s stock are short sold. Based on an average daily volume of 111,400 shares, the days-to-cover ratio is currently 3.2 days.

Charles & Colvard, Ltd. Trading Down 3.3 %

Shares of NASDAQ:CTHR opened at $1.33 on Friday. The stock has a market capitalization of $4.15 million, a PE ratio of -0.23 and a beta of 1.44. Charles & Colvard, Ltd. has a 1 year low of $1.16 and a 1 year high of $4.90. The firm has a fifty day moving average price of $1.34 and a 200 day moving average price of $1.60.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a research note on Friday, December 20th. They issued a “hold” rating on the stock.

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.