Caravelle International Group (NASDAQ:HTCO) Short Interest Down 54.6% in March

Caravelle International Group (NASDAQ:HTCO) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 26,094 shares, a decline of 54.6% from the February 26th total of 57,465 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 43,668 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Caravelle International Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Caravelle International Group presently has an average rating of “Sell”.

Caravelle International Group Stock Up 7.9%

Shares of Caravelle International Group stock traded up $0.56 on Friday, hitting $7.66. 897,549 shares of the company’s stock traded hands, compared to its average volume of 159,443. The company has a fifty day moving average of $9.14 and a two-hundred day moving average of $9.50. Caravelle International Group has a one year low of $4.55 and a one year high of $61.75.

Caravelle International Group Company Profile

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.