Caravelle International Group (NASDAQ:HTCO) Short Interest Up 132.1% in March

Key Points

• Short interest jumped 132.1% in March to 60,575 shares as of March 31 (up from 26,094 on March 15), equal to 0.9% of shares short and a days-to-cover of 0.2 based on average daily volume of 311,584 shares.
• Shares traded at $9.18 (down $0.29) on Friday with volume of 465,023 versus an average of 374,971, and the stock's 52-week range is $4.55–$61.75 with 50-day/200-day SMAs of $9.01 and $9.64.
• Analyst sentiment is negative: Weiss Ratings reissued a "sell (d-)" and the stock carries an average "Sell" rating on MarketBeat.

Caravelle International Group (NASDAQ:HTCO - Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 60,575 shares, a growth of 132.1% from the March 15th total of 26,094 shares. Currently, 0.9% of the company's shares are short sold. Based on an average daily volume of 311,584 shares, the days-to-cover ratio is currently 0.2 days.

Caravelle International Group Stock Performance

HTCO traded down $0.29 on Friday, hitting $9.18. The company had a trading volume of 465,023 shares, compared to its average volume of 374,971. Caravelle International Group has a 52-week low of $4.55 and a 52-week high of $61.75. The stock has a fifty day simple moving average of $9.01 and a 200-day simple moving average of $9.64.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Caravelle International Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

About Caravelle International Group

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.

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