Caravelle International Group (NASDAQ:CACO) Short Interest Up 32.1% in July

Caravelle International Group (NASDAQ:CACO) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 24,700 shares, an increase of 32.1% from the June 30th total of 18,700 shares. Based on an average trading volume of 169,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

Caravelle International Group Stock Performance

Shares of NASDAQ:CACO remained flat at $0.42 during trading on Friday. 32,614 shares of the company were exchanged, compared to its average volume of 231,042. Caravelle International Group has a 1 year low of $0.38 and a 1 year high of $1.21. The company’s 50 day moving average price is $0.77 and its 200 day moving average price is $0.71.

Caravelle International Group Company Profile

Caravelle International Group, through its subsidiaries, provides ocean transportation services in Singapore and internationally. The company operates through two segments, Ocean Transportation and Heating Business. It provides international shipping services and carbon-neutral solutions for wood desiccation.