Caravelle International Group (NASDAQ:HTCO) Stock Short Interest Declines 42.2%

Caravelle International Group (NASDAQ:HTCO) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 60,268 shares, a decline of 42.2% from the September 30th total of 104,204 shares. Based on an average daily volume of 137,716 shares, the short-interest ratio is presently 0.4 days. Approximately 0.9% of the company’s stock are short sold.

Caravelle International Group Stock Down 7.0%

Shares of HTCO traded down $0.10 during mid-day trading on Friday, hitting $1.32. The company’s stock had a trading volume of 58,577 shares, compared to its average volume of 461,719. Caravelle International Group has a one year low of $0.90 and a one year high of $56.59. The stock’s 50-day moving average is $2.00 and its two-hundred day moving average is $5.69.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Caravelle International Group in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Caravelle International Group has a consensus rating of “Sell”.

About Caravelle International Group

Caravelle International Group Limited is a Singapore-based maritime transportation and logistics company listed on the Nasdaq Capital Market under the symbol HTCO. The company focuses on international ocean shipping and related services.

Its business activities include the transportation of cargo by sea and the operation or management of maritime assets used in global trade. Publicly available information about the company’s specific vessel fleet, cargo mix, customer base and operating segments is limited.

Caravelle serves the international shipping market from its Singapore base, with activities connected to cross-border maritime commerce.