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

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 23,586 shares, a growth of 182.9% from the May 14th total of 8,336 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 138,740 shares, the days-to-cover ratio is presently 0.2 days.

Charlie’s Price Performance

Shares of Charlie’s stock opened at $0.20 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.43 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $55.14 million, a price-to-earnings ratio of 10.06 and a beta of 1.23. Charlie’s has a 1-year low of $0.08 and a 1-year high of $0.38. The firm’s 50-day moving average price is $0.25 and its two-hundred day moving average price is $0.26.

About Charlie’s

Charlie's Holdings, Inc, together with its subsidiaries, formulates, markets, and distributes non-combustible nicotine-related, alternative alkaloid vapor, and hemp-derived vapor and edible products. It sells its products through distributors, specialty retailers, and third-party online resellers in the United States, the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada. Charlie's Holdings, Inc was founded in 2014 and is headquartered in Costa Mesa, California.