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

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 28,931 shares, a decrease of 42.5% from the August 31st total of 50,334 shares. Based on an average daily trading volume, of 218,510 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Charlie’s Stock Up 3.2%

CHUC opened at $0.16 on Friday. The company has a fifty day moving average of $0.19 and a two-hundred day moving average of $0.22. The stock has a market capitalization of $44.89 million, a price-to-earnings ratio of -16.00 and a beta of 1.30. Charlie’s has a fifty-two week low of $0.14 and a fifty-two week high of $0.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.40 and a current ratio of 1.65.

Charlie’s (OTCMKTS:CHUC) last posted its earnings results on Monday, August 17th. The company reported ($0.01) earnings per share (EPS) for the quarter. Charlie’s had a negative return on equity of 63.51% and a negative net margin of 7.47%.The firm had revenue of $3.80 million for the quarter.

About Charlie’s

Charlie’s Holdings, Inc develops and sells electronic nicotine products and related vaping products. Its offerings have included e-liquids, nicotine-salt formulations, disposable vaping devices and other products designed for adult consumers.

The company has marketed products under brands including Charlie’s Chalk Dust and Pachamama, with distribution through specialty retailers and other channels in the United States and selected international markets. Its business has been shaped by evolving regulatory requirements affecting the manufacture, marketing and sale of vaping and nicotine products.

Publicly available information about Charlie’s current operations, leadership and geographic reach is limited.