Caravelle International Group (NASDAQ:HTCO) Sees Large Decline in Short Interest

Caravelle International Group (NASDAQ:HTCO) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 428,616 shares, a drop of 45.6% from the April 15th total of 787,818 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily volume of 1,875,814 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Caravelle International Group in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Caravelle International Group Stock Down 11.8%

Shares of Caravelle International Group stock traded down $0.85 during midday trading on Friday, reaching $6.37. 513,082 shares of the company’s stock traded hands, compared to its average volume of 2,109,376. Caravelle International Group has a 52 week low of $4.55 and a 52 week high of $56.59. The company’s 50 day simple moving average is $9.36 and its 200 day simple moving average is $9.99.

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.