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

Caravelle International Group (NASDAQ:HTCO) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 26,094 shares, a drop of 54.6% from the February 26th total of 57,465 shares. Based on an average daily volume of 43,668 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Caravelle International Group Stock Performance

HTCO stock traded down $1.17 during midday trading on Thursday, hitting $7.10. 146,082 shares of the stock were exchanged, compared to its average volume of 75,158. The stock’s 50-day moving average price is $9.28 and its 200-day moving average price is $9.51. Caravelle International Group has a fifty-two week low of $4.55 and a fifty-two week high of $61.75.

Analyst Ratings Changes

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

Caravelle International Group Company Profile

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.