Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Sees Significant Drop in Short Interest

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 188,874 shares, a decrease of 75.4% from the June 30th total of 766,513 shares. Approximately 6.8% of the company’s stock are sold short. Based on an average daily trading volume, of 417,899 shares, the short-interest ratio is currently 0.5 days.

Cheetah Net Supply Chain Service Price Performance

CTNT opened at $1.82 on Tuesday. The company’s 50-day simple moving average is $1.69 and its two-hundred day simple moving average is $136.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 43.19 and a current ratio of 43.19. The stock has a market capitalization of $5.39 million, a P/E ratio of -0.01 and a beta of -0.93. Cheetah Net Supply Chain Service has a 52-week low of $1.43 and a 52-week high of $424.00.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($4.53) EPS for the quarter, topping analysts’ consensus estimates of ($10.00) by $5.47. The firm had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.20 million. Cheetah Net Supply Chain Service had a negative net margin of 389.47% and a negative return on equity of 17.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Thursday, June 18th. Wall Street Zen raised Cheetah Net Supply Chain Service to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Insider Activity at Cheetah Net Supply Chain Service

In other news, insider Huan Liu purchased 200,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the completion of the acquisition, the insider directly owned 200,877 shares in the company, valued at $401,754. This represents a 22,805.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC increased its holdings in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,926 shares of the company’s stock after acquiring an additional 24,212 shares during the quarter. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

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.