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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 36,300 shares, an increase of 197.5% from the February 13th total of 12,200 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily volume of 167,900 shares, the short-interest ratio is currently 0.2 days.

Cheetah Net Supply Chain Service Stock Down 4.9 %

Shares of CTNT opened at $1.55 on Friday. Cheetah Net Supply Chain Service has a one year low of $1.55 and a one year high of $236.16. The company has a market cap of $4.14 million, a P/E ratio of -0.77 and a beta of 2.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.85 and a quick ratio of 14.86. The firm has a 50 day simple moving average of $2.15 and a two-hundred day simple moving average of $2.85.

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.