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

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) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 88,900 shares, an increase of 84.4% from the August 15th total of 48,200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 609,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 609,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Charlie's Stock Performance

Shares of OTCMKTS:CHUC traded down $0.01 during midday trading on Friday, hitting $0.30. The company's stock had a trading volume of 359,971 shares, compared to its average volume of 235,685. The stock has a market capitalization of $79.78 million, a price-to-earnings ratio of 30.43 and a beta of 0.90. The stock's 50 day simple moving average is $0.17 and its 200 day simple moving average is $0.11. Charlie's has a fifty-two week low of $0.03 and a fifty-two week high of $0.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.61 and a current ratio of 1.61.

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

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.

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