Charlie’s Holdings, Inc. (OTCMKTS:CHUC) Sees Significant Increase in Short Interest

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 23,586 shares, an increase of 182.9% from the May 14th total of 8,336 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 138,740 shares, the days-to-cover ratio is currently 0.2 days.

Charlie’s Trading Down 9.3%

Shares of CHUC traded down $0.02 during mid-day trading on Friday, reaching $0.22. 212,074 shares of the company’s stock traded hands, compared to its average volume of 105,932. The stock has a market cap of $60.32 million, a P/E ratio of 11.00 and a beta of 1.23. The stock’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.26. Charlie’s has a 12 month low of $0.08 and a 12 month high of $0.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.52 and a quick ratio of 0.43.

Charlie’s Company Profile

Charlie's Holdings, Inc, together with its subsidiaries, formulates, markets, and distributes non-combustible nicotine-related, alternative alkaloid vapor, and hemp-derived vapor and edible products. It sells its products through distributors, specialty retailers, and third-party online resellers in the United States, the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada. Charlie's Holdings, Inc was founded in 2014 and is headquartered in Costa Mesa, California.