Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Rises By 118.5%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 985,500 shares, a growth of 118.5% from the August 15th total of 451,000 shares. Currently, 3.7% of the company’s shares are short sold. Based on an average trading volume of 3,210,000 shares, the short-interest ratio is presently 0.3 days.

Cheetah Net Supply Chain Service Price Performance

Shares of NASDAQ:CTNT remained flat at $0.28 on Friday. The stock had a trading volume of 1,166,446 shares, compared to its average volume of 2,970,921. The company has a market capitalization of $8.91 million and a PE ratio of -27.50. Cheetah Net Supply Chain Service has a fifty-two week low of $0.20 and a fifty-two week high of $14.76. 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’s 50 day simple moving average is $0.30 and its 200 day simple moving average is $1.22.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $0.29 million for the quarter. Cheetah Net Supply Chain Service had a negative net margin of 6.43% and a negative return on equity of 13.07%.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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. 0.04% of the stock is currently owned by institutional investors and hedge funds.

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.