Caravelle International Group (NASDAQ:HTCO – Get Free Report) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 60,268 shares, a decrease of 42.2% from the September 30th total of 104,204 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 137,716 shares, the short-interest ratio is currently 0.4 days.
Caravelle International Group Price Performance
Shares of HTCO traded down $0.10 on Friday, hitting $1.32. The company’s stock had a trading volume of 58,577 shares, compared to its average volume of 461,719. Caravelle International Group has a fifty-two week low of $0.90 and a fifty-two week high of $56.59. The firm’s fifty day moving average price is $2.00 and its 200-day moving average price is $5.69.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Caravelle International Group in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
Check Out Our Latest Report on HTCO
About Caravelle International Group
Caravelle International Group Limited is a Singapore-based maritime transportation and logistics company listed on the Nasdaq Capital Market under the symbol HTCO. The company focuses on international ocean shipping and related services.
Its business activities include the transportation of cargo by sea and the operation or management of maritime assets used in global trade. Publicly available information about the company’s specific vessel fleet, cargo mix, customer base and operating segments is limited.
Caravelle serves the international shipping market from its Singapore base, with activities connected to cross-border maritime commerce.
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