Caravelle International Group (NASDAQ:HTCO) Short Interest Update

Caravelle International Group (NASDAQ:HTCO) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 75,330 shares, an increase of 110.5% from the December 15th total of 35,791 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 169,924 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 169,924 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.0% of the company’s shares are short sold.

Caravelle International Group Trading Down 8.7%

Shares of Caravelle International Group stock traded down $0.99 during trading on Friday, reaching $10.43. 19,989 shares of the stock traded hands, compared to its average volume of 25,408. Caravelle International Group has a 52-week low of $4.55 and a 52-week high of $106.25. The business has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $8.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caravelle International Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Caravelle International Group Company Profile

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through Ocean Transportation and Heating Business segments. It provides international shipping services and carbon-neutral solutions for wood desiccation. Caravelle International Group also provides seaborne transportation services under the voyage contracts. The company provides vessel services on behalf of ship owners. Caravelle International Group is headquartered in Singapore.