Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 13.2% in August

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Charles & Colvard, Ltd. in a research note on Sunday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Trading Down 3.9 %

Shares of NASDAQ:CTHR opened at $1.71 on Wednesday. The company has a 50 day moving average of $1.75 and a 200-day moving average of $2.43. The firm has a market cap of $5.33 million, a P/E ratio of -0.29 and a beta of 1.43. Charles & Colvard, Ltd. has a twelve month low of $1.51 and a twelve month high of $7.99.

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.