Short Interest in Charles & Colvard, Ltd. (NASDAQ:CTHR) Rises By 732.9%

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 359,800 shares, a growth of 732.9% from the November 30th total of 43,200 shares. Currently, 17.8% of the company’s stock are sold short. Based on an average trading volume of 111,400 shares, the days-to-cover ratio is presently 3.2 days.

Charles & Colvard, Ltd. Price Performance

NASDAQ CTHR traded down $0.05 during trading on Thursday, hitting $1.33. 81,739 shares of the company’s stock traded hands, compared to its average volume of 41,331. Charles & Colvard, Ltd. has a 12-month low of $1.16 and a 12-month high of $4.90. The stock has a fifty day moving average of $1.34 and a two-hundred day moving average of $1.60. The firm has a market cap of $4.15 million, a P/E ratio of -0.23 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a report on Friday, December 20th. They set a “hold” rating for the company.

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.