Caravelle International Group (NASDAQ:CACO) Short Interest Update

Caravelle International Group (NASDAQ:CACO) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 59,000 shares, an increase of 6.1% from the March 15th total of 55,600 shares. Based on an average daily trading volume, of 40,900 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Trading of Caravelle International Group

An institutional investor recently bought a new position in Caravelle International Group stock. Millennium Management LLC bought a new stake in Caravelle International Group (NASDAQ:CACO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,470 shares of the company’s stock, valued at approximately $29,000. Millennium Management LLC owned approximately 0.30% of Caravelle International Group as of its most recent filing with the Securities and Exchange Commission (SEC). 0.22% of the stock is currently owned by institutional investors.

Caravelle International Group Stock Performance

Shares of NASDAQ:CACO opened at $0.91 on Wednesday. Caravelle International Group has a twelve month low of $0.44 and a twelve month high of $1.45. The business has a fifty day moving average of $0.62 and a 200-day moving average of $0.58.

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.