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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 326,400 shares, a decline of 77.5% from the September 15th total of 1,450,000 shares. Based on an average daily volume of 2,950,000 shares, the short-interest ratio is presently 0.1 days. Approximately 1.3% of the company’s shares are sold short.

Cheetah Net Supply Chain Service Trading Up 1.7 %

CTNT traded up $0.00 during midday trading on Friday, reaching $0.21. 351,054 shares of the company’s stock traded hands, compared to its average volume of 2,822,153. Cheetah Net Supply Chain Service has a 52 week low of $0.19 and a 52 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 firm has a fifty day moving average of $0.23 and a two-hundred day moving average of $1.00. The stock has a market capitalization of $6.91 million, a price-to-earnings ratio of -4.20 and a beta of 4.61.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The business 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 Investors Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake 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 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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. 0.04% of the stock is currently owned by institutional investors.

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.