Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Update

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 23,900 shares, a decrease of 8.1% from the March 15th total of 26,000 shares. Currently, 7.6% of the company’s shares are short sold. Based on an average trading volume of 21,700 shares, the days-to-cover ratio is currently 1.1 days.

Cheetah Net Supply Chain Service Stock Up 1.3 %

Shares of CTNT stock opened at $1.55 on Wednesday. The company has a quick ratio of 3.52, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $1.84 and a 200-day moving average of $1.56. Cheetah Net Supply Chain Service has a one year low of $0.92 and a one year high of $6.90.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $5.84 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered their price target on Cheetah Net Supply Chain Service from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th.

Cheetah Net Supply Chain Service Company Profile

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.