Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Expands By 9.0%

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 72,800 shares, a growth of 9.0% from the August 31st total of 66,800 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily volume of 13,800 shares, the short-interest ratio is currently 5.3 days.

Charles & Colvard, Ltd. Price Performance

Shares of NASDAQ:CTHR remained flat at $1.73 on Tuesday. The stock had a trading volume of 1,585 shares, compared to its average volume of 16,055. The firm has a market capitalization of $5.39 million, a price-to-earnings ratio of -0.30 and a beta of 1.43. Charles & Colvard, Ltd. has a twelve month low of $1.51 and a twelve month high of $6.45. The business has a 50-day moving average of $1.72 and a 200 day moving average of $2.31.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a research report on Tuesday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Company Profile

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.