Caravelle International Group (NASDAQ:HTCO) Short Interest Down 45.6% in April

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

Caravelle International Group Trading Down 11.8%

Shares of NASDAQ:HTCO traded down $0.85 during mid-day trading on Friday, reaching $6.37. 513,082 shares of the company traded hands, compared to its average volume of 2,126,117. The company’s 50 day moving average price is $9.36 and its 200-day moving average price is $9.99. Caravelle International Group has a 52 week low of $4.55 and a 52 week high of $56.59.

Wall Street Analyst Weigh In

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