Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Shares Shorted: Short Interest Down 91.8% in September

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 71,953 shares, a decrease of 91.8% from the September 15th total of 882,291 shares. Currently, 5.8% of the shares of the company are sold short. Based on an average daily volume of 2,237,691 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Monday, September 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Cheetah Net Supply Chain Service Stock Performance

Shares of CTNT traded down $0.18 during mid-day trading on Friday, hitting $2.64. The stock had a trading volume of 132,629 shares, compared to its average volume of 1,327,047. Cheetah Net Supply Chain Service has a 52 week low of $2.31 and a 52 week high of $63,600.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.56 and a quick ratio of 47.56. The business has a fifty day moving average price of $139.56 and a 200-day moving average price of $5,419.02. The firm has a market cap of $3.51 million, a P/E ratio of -0.00 and a beta of -0.64.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($99.00) by $99.04. The firm had revenue of $0.87 million during the quarter, compared to the consensus estimate of $0.10 million. Cheetah Net Supply Chain Service had a negative net margin of 206.70% and a negative return on equity of 7.88%.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel-import vehicle market. The company helps facilitate the purchase and sale of vehicles sourced through channels outside a manufacturer’s official distribution network, with an emphasis on serving customers seeking imported automobiles.

Cheetah Net’s activities include vehicle sourcing, supply chain coordination, logistics support and related services associated with the cross-border distribution of automobiles.