Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 9.0% in September

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 72,800 shares, an increase of 9.0% from the August 31st total of 66,800 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 5.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began 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 stock remained flat at $1.73 during mid-day trading on Tuesday. The stock had a trading volume of 1,585 shares, compared to its average volume of 16,055. Charles & Colvard, Ltd. has a fifty-two week low of $1.51 and a fifty-two week high of $6.45. The company has a market cap of $5.39 million, a price-to-earnings ratio of -0.30 and a beta of 1.43. The business has a fifty day moving average of $1.72 and a two-hundred day moving average of $2.31.

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.