Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Up 9.0% in September

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 72,800 shares, a growth of 9.0% from the August 31st total of 66,800 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is presently 5.3 days.

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR remained flat at $1.73 during trading hours on Tuesday. 1,721 shares of the stock were exchanged, compared to its average volume of 16,055. The stock has a 50-day moving average of $1.72 and a two-hundred day moving average of $2.31. The stock has a market capitalization of $5.39 million, a price-to-earnings ratio of -0.30 and a beta of 1.43. Charles & Colvard, Ltd. has a 1 year low of $1.51 and a 1 year high of $6.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Charles & Colvard, Ltd. in a research note on Tuesday. 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.