Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Update

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large drop in short interest in the month of 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. Based on an average daily volume of 189,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.0% of the shares of the stock are sold short.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock traded down $0.36 during midday trading on Friday, reaching $2.73. 337,470 shares of the stock were exchanged, compared to its average volume of 180,563. The firm has a market cap of $48.91 million, a PE ratio of -309.00 and a beta of 4.61. Cheetah Net Supply Chain Service has a 52 week low of $2.61 and a 52 week high of $236.16. The company’s fifty day moving average is $0.29 and its 200-day moving average is $0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 10.98 and a current ratio of 10.98.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company 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%.

Hedge Funds 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 bought a new position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned about 1.09% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.04% of the company’s stock.

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.