Charlie’s Holdings, Inc. (OTCMKTS:CHUC) Sees Significant Increase in Short Interest

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 50,334 shares, a growth of 168.5% from the August 15th total of 18,744 shares. Based on an average trading volume of 117,672 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Charlie’s Price Performance

Shares of CHUC opened at $0.16 on Friday. The company has a market capitalization of $45.73 million, a price-to-earnings ratio of -16.30 and a beta of 1.35. Charlie’s has a fifty-two week low of $0.14 and a fifty-two week high of $0.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 0.40. The business’s 50-day moving average is $0.20 and its 200-day moving average is $0.24.

Charlie’s (OTCMKTS:CHUC) last posted its quarterly earnings results on Monday, August 17th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $3.80 million during the quarter. Charlie’s had a negative return on equity of 63.51% and a negative net margin of 7.47%.

Charlie’s Company Profile

Charlie's Holdings, Inc, together with its subsidiaries, formulates, markets, and distributes non-combustible nicotine-related, alternative alkaloid vapor, and hemp-derived vapor and edible products. It sells its products through distributors, specialty retailers, and third-party online resellers in the United States, the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada. Charlie's Holdings, Inc was founded in 2014 and is headquartered in Costa Mesa, California.