Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Expands By 230.0%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 78,595 shares, an increase of 230.0% from the January 15th total of 23,817 shares. Based on an average daily trading volume, of 207,089 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.7% of the shares of the stock are sold short. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 207,089 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP bought a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned 0.65% 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 Stock Up 8.8%

CTNT stock traded up $0.11 during trading on Wednesday, reaching $1.30. 58,946 shares of the company traded hands, compared to its average volume of 108,668. The business has a 50 day simple moving average of $1.23 and a 200 day simple moving average of $1.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 7.51 and a current ratio of 7.51. Cheetah Net Supply Chain Service has a 12 month low of $1.03 and a 12 month high of $2.37. The company has a market capitalization of $3.54 million, a price-to-earnings ratio of -1.62 and a beta of 1.96.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Group, Inc, through its subsidiaries, operates as an integrated supply chain service provider primarily focused on meeting the needs of cross-border e-commerce and consumer goods companies. The company delivers end-to-end supply chain solutions, leveraging an internet-driven platform to enhance transparency, efficiency and cost control across clients’ procurement and logistics operations.

Key offerings include supply chain design and consulting, global procurement and sourcing support, quality control and inspection, as well as bonded and non-bonded warehousing services.