Caravelle International Group (NASDAQ:HTCO) Short Interest Update

Caravelle International Group (NASDAQ:HTCO) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 60,575 shares, an increase of 132.1% from the March 15th total of 26,094 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 311,584 shares, the short-interest ratio is currently 0.2 days.

Caravelle International Group Stock Up 4.6%

Shares of HTCO traded up $0.42 during mid-day trading on Monday, hitting $9.60. The company’s stock had a trading volume of 286,066 shares, compared to its average volume of 142,951. The stock’s 50-day moving average is $9.02 and its two-hundred day moving average is $9.67. Caravelle International Group has a one year low of $4.55 and a one year high of $61.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Caravelle International Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Caravelle International Group currently has a consensus rating of “Sell”.

Caravelle International Group Company Profile

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.