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

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 51,900 shares, a decline of 15.5% from the February 13th total of 61,400 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 114,200 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

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

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR opened at $0.97 on Thursday. Charles & Colvard, Ltd. has a 1 year low of $0.93 and a 1 year high of $3.90. The company has a market cap of $3.01 million, a price-to-earnings ratio of -0.16 and a beta of 1.27. The firm has a fifty day moving average of $1.36 and a 200-day moving average of $1.44.

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.