Charlie’s Holdings, Inc. (OTCMKTS:CHUC) Short Interest Up 168.5% in August

Charlie’s Holdings, Inc. (OTCMKTS:CHUC) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 50,334 shares, an increase of 168.5% from the August 15th total of 18,744 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 117,672 shares, the short-interest ratio is presently 0.4 days.

Charlie’s Stock Down 4.1%

CHUC stock opened at $0.16 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 0.40. The firm has a market capitalization of $45.73 million, a P/E ratio of -16.30 and a beta of 1.35. Charlie’s has a 52-week low of $0.14 and a 52-week high of $0.38. The company’s 50 day simple moving average is $0.20 and its 200-day simple moving average is $0.24.

Charlie’s (OTCMKTS:CHUC) last posted its quarterly earnings data on Monday, August 17th. The company reported ($0.01) EPS for the quarter. Charlie’s had a negative return on equity of 63.51% and a negative net margin of 7.47%.The firm had revenue of $3.80 million during the quarter.

Charlie’s Company Profile

Charlie's Holdings, Inc, together with its subsidiaries, formulates, markets, and distributes non-combustible nicotine-related, alternative alkaloid vapor, and hemp-derived vapor and edible products. It sells its products through distributors, specialty retailers, and third-party online resellers in the United States, the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada. Charlie's Holdings, Inc was founded in 2014 and is headquartered in Costa Mesa, California.