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

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

Charles & Colvard, Ltd. Price Performance

Shares of Charles & Colvard, Ltd. stock traded up $0.04 on Thursday, hitting $1.16. 11,310 shares of the company’s stock traded hands, compared to its average volume of 41,760. The firm’s 50-day moving average price is $1.44 and its two-hundred day moving average price is $1.48. The stock has a market capitalization of $3.63 million, a PE ratio of -0.20 and a beta of 1.42. Charles & Colvard, Ltd. has a one year low of $1.06 and a one year high of $4.00.

Analysts Set New Price Targets

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

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.