Caravelle International Group (NASDAQ:CACO) Sees Large Increase in Short Interest

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

Caravelle International Group Stock Up 17.1 %

Shares of NASDAQ CACO opened at $1.07 on Thursday. The company has a 50-day moving average of $0.64 and a 200 day moving average of $0.59. Caravelle International Group has a 12-month low of $0.44 and a 12-month high of $1.45.

Institutional Investors Weigh In On Caravelle International Group

An institutional investor recently bought a new position in Caravelle International Group stock. Millennium Management LLC acquired a new position in shares of Caravelle International Group (NASDAQ:CACO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,470 shares of the company’s stock, valued at approximately $29,000. Millennium Management LLC owned about 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 hedge funds and other institutional investors.

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.