Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Down 43.5% in November

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 78,200 shares, a decrease of 43.5% from the October 31st total of 138,400 shares. Based on an average daily trading volume, of 141,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 4.9% of the company’s shares are sold short.

Cheetah Net Supply Chain Service Trading Up 2.7 %

Shares of NASDAQ CTNT traded up $0.05 during midday trading on Thursday, hitting $1.93. The company’s stock had a trading volume of 55,048 shares, compared to its average volume of 176,250. Cheetah Net Supply Chain Service has a 12-month low of $1.70 and a 12-month high of $236.16. The company has a current ratio of 14.85, a quick ratio of 14.86 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.78 million, a P/E ratio of -0.96 and a beta of 4.50. The business’s 50 day moving average is $2.94 and its two-hundred day moving average is $10.52.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC purchased 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 Securities & Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities & Exchange Commission. 0.04% of the stock is owned by institutional investors.

About Cheetah Net Supply Chain Service

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.