Charlie’s Holdings, Inc. (OTCMKTS:CHUC) Stock Short Interest Drops 49.2%

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 13,006 shares, a decline of 49.2% from the September 30th total of 25,596 shares. Based on an average daily volume of 115,568 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Charlie’s Price Performance

Shares of OTCMKTS CHUC opened at $0.14 on Friday. Charlie’s has a 52 week low of $0.01 and a 52 week high of $0.37. The business has a 50-day simple moving average of $0.16 and a two-hundred day simple moving average of $0.23. The company has a quick ratio of 0.40, a current ratio of 1.65 and a debt-to-equity ratio of 0.69. The company has a market cap of $40.71 million, a P/E ratio of -14.50 and a beta of 1.29.

Charlie’s (OTCMKTS:CHUC) last posted its quarterly earnings data on Monday, August 17th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $3.80 million for the quarter. Charlie’s had a negative net margin of 7.47% and a negative return on equity of 63.51%.

About Charlie’s

Charlie’s Holdings, Inc is a consumer products company focused on the vaping and nicotine-products industry. The company has been associated with the development, manufacturing, marketing and distribution of electronic cigarettes, vapor products and e-liquids.

Its product portfolio has included flavored nicotine e-liquids and vapor devices sold under brands such as Charlie’s Chalk Dust and Pachamama. These products have been marketed through specialty retailers, distributors and other channels serving adult nicotine consumers.

Publicly available information about the company’s current operations, geographic reach and leadership is limited.