Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Sees Significant Growth in Short Interest

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 138,400 shares, a growth of 187.7% from the October 15th total of 48,100 shares. Approximately 8.7% of the shares of the company are short sold. Based on an average trading volume of 186,600 shares, the days-to-cover ratio is presently 0.7 days.

Cheetah Net Supply Chain Service Trading Down 5.9 %

Shares of Cheetah Net Supply Chain Service stock opened at $2.41 on Wednesday. Cheetah Net Supply Chain Service has a 1 year low of $2.31 and a 1 year high of $236.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.98 and a quick ratio of 10.98. The stock has a market cap of $4.87 million, a PE ratio of -3.06 and a beta of 4.50. The firm has a fifty day moving average price of $3.46 and a 200 day moving average price of $12.27.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.32). Cheetah Net Supply Chain Service had a negative net margin of 6.43% and a negative return on equity of 13.07%. The company had revenue of $0.29 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned 1.09% of Cheetah Net Supply Chain Service at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.04% of the company’s stock.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.