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

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 142,100 shares, a drop of 60.5% from the December 15th total of 359,800 shares. Based on an average daily volume of 114,600 shares, the short-interest ratio is currently 1.2 days. Approximately 7.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Charles & Colvard, Ltd. Price Performance

Shares of CTHR stock opened at $1.51 on Thursday. The company has a market capitalization of $4.71 million, a price-to-earnings ratio of -0.26 and a beta of 1.41. Charles & Colvard, Ltd. has a one year low of $1.16 and a one year high of $4.90. The company’s fifty day moving average price is $1.38 and its 200-day moving average price is $1.57.

Charles & Colvard, Ltd. Company Profile

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.