Charles & Colvard, Ltd. (NASDAQ:CTHR) Sees Large Drop in Short Interest

Posted by Alanna Baker on Jan 31st, 2025

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

Analysts Set New Price Targets

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

Read Our Latest Report on CTHR

Charles & Colvard, Ltd. Price Performance

Shares of NASDAQ CTHR traded down $0.08 on Friday, hitting $1.44. The company’s stock had a trading volume of 12,575 shares, compared to its average volume of 23,044. The stock has a 50 day moving average of $1.44 and a 200-day moving average of $1.56. Charles & Colvard, Ltd. has a 12-month low of $1.16 and a 12-month high of $4.40. The company has a market capitalization of $4.49 million, a price-to-earnings ratio of -0.24 and a beta of 1.41.

About Charles & Colvard, Ltd.

(Get Free Report)

Charles & Colvard Ltd. engages in the manufacture and distribution of moissanite jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. It operates through the following business segments: Online Channels and Traditional. The Online Channels segment refers to the e-commerce outlets, including charlesandcolvard.com, third-party online marketplaces, drop-ship, other pure-play, and e-commerce outlets.