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 during the month of 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. Based on an average daily trading volume, of 1,875,814 shares, the days-to-cover ratio is presently 0.2 days. Approximately 5.9% of the shares of the company are sold short.

Caravelle International Group Stock Performance

NASDAQ HTCO traded down $0.85 during midday trading on Friday, hitting $6.37. The company had a trading volume of 513,082 shares, compared to its average volume of 2,109,376. The firm has a fifty day simple moving average of $9.36 and a two-hundred day simple moving average of $9.99. Caravelle International Group has a fifty-two week low of $4.55 and a fifty-two week high of $56.59.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Caravelle International Group in a research note on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Caravelle International Group has a consensus 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.