Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Drops By 85.3%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 48,100 shares, a drop of 85.3% from the September 30th total of 326,400 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 189,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned approximately 1.09% of Cheetah Net Supply Chain Service at the end of the most recent quarter. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Cheetah Net Supply Chain Service Price Performance

NASDAQ CTNT traded down $0.20 on Friday, hitting $2.89. The company had a trading volume of 379,976 shares, compared to its average volume of 180,740. 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 company’s fifty day moving average price is $0.35 and its 200-day moving average price is $0.92. The company has a market capitalization of $51.78 million, a PE ratio of -289.00 and a beta of 4.61. Cheetah Net Supply Chain Service has a 12-month low of $2.61 and a 12-month high of $236.16.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.32). The firm had revenue of $0.29 million during the quarter. Cheetah Net Supply Chain Service had a negative return on equity of 13.07% and a negative net margin of 6.43%.

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.