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

Charlie’s Holdings, Inc. (OTCMKTS:CHUCGet Free Report) saw 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. Based on an average trading volume of 138,740 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Charlie’s Trading Down 9.3%

OTCMKTS CHUC traded down $0.02 during trading hours on Friday, hitting $0.22. 212,074 shares of the company were exchanged, compared to its average volume of 105,932. The stock has a 50-day moving average price of $0.25 and a 200 day moving average price of $0.26. The company has a quick ratio of 0.43, a current ratio of 1.52 and a debt-to-equity ratio of 0.69. Charlie’s has a 52 week low of $0.08 and a 52 week high of $0.38. The stock has a market cap of $60.32 million, a PE ratio of 11.00 and a beta of 1.23.

About Charlie’s

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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.

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