Charles & Colvard, Ltd. (NASDAQ:CTHR) Short Interest Update

Charles & Colvard, Ltd. (NASDAQ:CTHR) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 117,300 shares, a decrease of 20.3% from the December 31st total of 147,200 shares. Based on an average daily volume of 55,800 shares, the short-interest ratio is currently 2.1 days. Currently, 0.5% of the shares of the company are sold short.

Several institutional investors and hedge funds have recently modified their holdings of CTHR. Virtu Financial LLC purchased a new position in Charles & Colvard, Ltd. during the third quarter worth approximately $28,000. National Investment Services Inc. WI purchased a new position in Charles & Colvard, Ltd. during the third quarter worth approximately $80,000. BlackRock Inc. boosted its position in Charles & Colvard, Ltd. by 321.9% during the second quarter. BlackRock Inc. now owns 73,205 shares of the company’s stock worth $115,000 after purchasing an additional 55,852 shares in the last quarter. Vanguard Group Inc. boosted its position in Charles & Colvard, Ltd. by 174.7% during the second quarter. Vanguard Group Inc. now owns 511,494 shares of the company’s stock worth $808,000 after purchasing an additional 325,304 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Charles & Colvard, Ltd. by 145.6% during the second quarter. Renaissance Technologies LLC now owns 595,071 shares of the company’s stock worth $940,000 after purchasing an additional 352,800 shares in the last quarter. Hedge funds and other institutional investors own 30.52% of the company’s stock.

Shares of CTHR stock traded down $0.01 during mid-day trading on Wednesday, reaching $1.54. The stock had a trading volume of 338 shares, compared to its average volume of 67,846. The business’s fifty day moving average is $1.44 and its 200-day moving average is $1.43. The company has a current ratio of 4.56, a quick ratio of 2.62 and a debt-to-equity ratio of 0.01. The firm has a market cap of $44.63 million, a price-to-earnings ratio of 13.91 and a beta of -0.58. Charles & Colvard, Ltd. has a 1-year low of $0.91 and a 1-year high of $2.48.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share for the quarter. Charles & Colvard, Ltd. had a return on equity of 5.77% and a net margin of 7.14%. The business had revenue of $7.61 million for the quarter, compared to analyst estimates of $7.19 million. On average, analysts forecast that Charles & Colvard, Ltd. will post 0.08 earnings per share for the current year.

Separately, Zacks Investment Research lowered Charles & Colvard, Ltd. from a “hold” rating to a “sell” rating in a report on Wednesday, January 22nd.

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.

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