Caravelle International Group (NASDAQ:CACO) Short Interest Update

Caravelle International Group (NASDAQ:CACO) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 31,100 shares, a decrease of 7.2% from the May 31st total of 33,500 shares. Based on an average trading volume of 178,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the company’s shares are short sold.

Caravelle International Group Trading Up 7.5 %

Shares of CACO stock opened at $0.47 on Thursday. The firm’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $0.71. Caravelle International Group has a 1-year low of $0.40 and a 1-year high of $1.21.

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.