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 increase in short interest in the month of March. As of March 13th, there was short interest totaling 82,408 shares, an increase of 18.9% from the February 26th total of 69,307 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 62,493 shares, the short-interest ratio is presently 1.3 days.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock traded up $0.04 during mid-day trading on Wednesday, hitting $1.53. The company’s stock had a trading volume of 16,019 shares, compared to its average volume of 76,897. The stock has a market capitalization of $55.36 million, a P/E ratio of -1.37 and a beta of 1.46. Cheetah Net Supply Chain Service has a twelve month low of $1.03 and a twelve month high of $2.31. The stock’s fifty day moving average price is $1.40 and its two-hundred day moving average price is $1.46. The company has a quick ratio of 6.74, a current ratio of 6.74 and a debt-to-equity ratio of 0.06.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.07). The company had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.30 million. Cheetah Net Supply Chain Service had a negative net margin of 283.24% and a negative return on equity of 34.16%.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC raised its position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,926 shares of the company’s stock after buying an additional 24,212 shares during the quarter. Citadel Advisors LLC owned 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent quarter. 0.04% of the stock is owned by institutional investors.

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.