Charlie's Holdings, Inc. (OTCMKTS:CHUC) Short Interest Update

Key Points

• Charlie's Holdings, Inc. experienced an 84.4% increase in short interest in August, rising from 48,200 to 88,900 shares.
• The company's stock is trading at $0.30 with a market capitalization of $79.78 million.
• Charlie's reported $2.54 million in revenue and $0.02 earnings per share in its latest quarterly results, with a negative return on equity of 174.49%.

Charlie's Holdings, Inc. (OTCMKTS:CHUC - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 88,900 shares, a growth of 84.4% from the August 15th total of 48,200 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 609,600 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 609,600 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.

Charlie's Stock Up 12.8%

OTCMKTS CHUC traded up $0.04 during trading on Friday, reaching $0.37. 375,753 shares of the company's stock traded hands, compared to its average volume of 119,511. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.61 and a quick ratio of 0.61. The firm has a market cap of $97.10 million, a price-to-earnings ratio of 37.04 and a beta of 0.90. The company's 50 day simple moving average is $0.19 and its two-hundred day simple moving average is $0.12. Charlie's has a 12-month low of $0.03 and a 12-month high of $0.37.

Charlie's (OTCMKTS:CHUC - Get Free Report) last posted its earnings results on Thursday, August 21st. The company reported $0.02 EPS for the quarter. The business had revenue of $2.54 million for the quarter. Charlie's had a net margin of 19.36% and a negative return on equity of 174.49%.

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.