Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Declines By 60.5%

Charles & Colvard, Ltd. (NASDAQ:CTHR) saw a large drop in short interest in 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. Currently, 7.0% of the shares of the stock are sold short. Based on an average daily volume of 114,600 shares, the short-interest ratio is currently 1.2 days.

Analyst Ratings Changes

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

Charles & Colvard, Ltd. Trading Up 2.0 %

Shares of CTHR opened at $1.53 on Thursday. Charles & Colvard, Ltd. has a one year low of $1.16 and a one year high of $4.90. The company has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.57.

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.