Caravelle International Group (NASDAQ:CACO) Short Interest Down 42.0% in April

Caravelle International Group (NASDAQ:CACO) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,200 shares, a drop of 42.0% from the March 31st total of 59,000 shares. Based on an average trading volume of 84,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.

Caravelle International Group Price Performance

Shares of NASDAQ:CACO traded down $0.02 during trading on Friday, reaching $1.00. 145,254 shares of the company’s stock traded hands, compared to its average volume of 73,219. Caravelle International Group has a fifty-two week low of $0.44 and a fifty-two week high of $1.21. The company has a 50-day simple moving average of $0.69 and a 200-day simple moving average of $0.60.

About Caravelle International Group

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.