Short Interest in Caravelle International Group (NASDAQ:HTCO) Expands By 1,200.6%

Caravelle International Group (NASDAQ:HTCO) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 787,818 shares, a growth of 1,200.6% from the March 31st total of 60,575 shares. Based on an average daily volume of 500,471 shares, the days-to-cover ratio is currently 1.6 days. Currently, 11.8% of the shares of the company are short sold.

Caravelle International Group Trading Up 11.4%

Shares of Caravelle International Group stock traded up $1.15 during trading hours on Friday, reaching $11.25. 715,399 shares of the stock traded hands, compared to its average volume of 158,592. Caravelle International Group has a one year low of $4.55 and a one year high of $61.75. The company has a 50 day moving average price of $9.28 and a 200 day moving average price of $9.79.

Wall Street Analysts Forecast Growth

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