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

Caravelle International Group (NASDAQ:HTCO) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 60,268 shares, a decrease of 42.2% from the September 30th total of 104,204 shares. Based on an average trading volume of 137,716 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the stock are short sold.

Caravelle International Group Price Performance

Shares of HTCO traded up $0.09 during mid-day trading on Tuesday, hitting $1.41. The company had a trading volume of 65,692 shares, compared to its average volume of 432,416. The business’s 50-day simple moving average is $1.96 and its 200-day simple moving average is $5.64. Caravelle International Group has a 1-year low of $0.90 and a 1-year high of $56.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Caravelle International Group in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

About Caravelle International Group

Caravelle International Group Limited is a Singapore-based maritime transportation and logistics company listed on the Nasdaq Capital Market under the symbol HTCO. The company focuses on international ocean shipping and related services.

Its business activities include the transportation of cargo by sea and the operation or management of maritime assets used in global trade. Publicly available information about the company’s specific vessel fleet, cargo mix, customer base and operating segments is limited.

Caravelle serves the international shipping market from its Singapore base, with activities connected to cross-border maritime commerce.