Charles & Colvard, Ltd. (NASDAQ:CTHR) Sees Significant Growth in Short Interest

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 66,800 shares, an increase of 13.2% from the August 15th total of 59,000 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,300 shares, the days-to-cover ratio is presently 5.0 days.

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR stock opened at $1.71 on Wednesday. The stock has a fifty day moving average price of $1.75 and a 200 day moving average price of $2.43. The stock has a market cap of $5.33 million, a PE ratio of -0.29 and a beta of 1.43. Charles & Colvard, Ltd. has a 1 year low of $1.51 and a 1 year high of $7.99.

Analyst Upgrades and Downgrades

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

About Charles & Colvard, Ltd.

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.