Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Rises By 16.0%

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 57,300 shares, a growth of 16.0% from the October 31st total of 49,400 shares. Based on an average trading volume of 14,800 shares, the short-interest ratio is currently 3.9 days. Currently, 2.8% of the company’s stock are short sold.

Charles & Colvard, Ltd. Stock Performance

CTHR traded down $0.04 on Friday, hitting $1.24. 19,885 shares of the company were exchanged, compared to its average volume of 13,474. Charles & Colvard, Ltd. has a 12 month low of $1.18 and a 12 month high of $4.90. The stock’s fifty day moving average is $1.44 and its 200-day moving average is $1.73.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Charles & Colvard, Ltd. in a report on Tuesday, November 26th. They set a “hold” rating on the stock.

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.