Caravelle International Group (NASDAQ:HTCO) experienced a significant rise in short interest during December 2023. As of December 31, the total short interest reached **75,330 shares**, a remarkable increase of **110.5%** from the **35,791 shares** reported on December 15. This surge represents approximately **1.0%** of the company’s total shares.
The current days-to-cover ratio stands at **0.4 days**, based on an average daily trading volume of **169,924 shares**. This metric indicates how quickly short sellers could cover their positions if the stock were to move against them.
Stock Performance and Analyst Ratings
In trading on the last day of the week, shares of Caravelle International Group fell by **8.7%**, closing down **$0.99** at **$10.43**. During this session, **19,989 shares** exchanged hands, slightly below the company’s average volume of **25,408 shares**. Over the past year, the stock has seen a **52-week low** of **$4.55** and a **52-week high** of **$106.25**. The company’s fifty-day simple moving average is **$10.91**, while the two-hundred-day moving average sits at **$8.74**.
Separately, **Weiss Ratings** reiterated a “sell (D-)” rating for Caravelle International Group in a report issued on December 29. Currently, one analyst has rated the stock with a “Sell” designation, leading to a consensus rating of “Sell,” according to data from **MarketBeat.com**.
Company Overview
Caravelle International Group operates through its subsidiaries, providing ocean transportation services both in Singapore and internationally. The company is divided into two main segments: Ocean Transportation and Heating Business. It focuses on international shipping services and offers carbon-neutral solutions for wood desiccation. Additionally, Caravelle provides seaborne transportation services under voyage contracts and manages vessel services on behalf of ship owners. The company is headquartered in **Singapore**.
Investors and market watchers will continue to monitor Caravelle International Group closely, particularly in light of the recent fluctuations in short interest and stock performance.
