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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 30,700 shares, a drop of 5.8% from the January 15th total of 32,600 shares. Based on an average daily trading volume, of 1,930,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.5% of the shares of the stock are short sold.

Cheetah Net Supply Chain Service Stock Performance

Shares of NASDAQ:CTNT opened at $1.98 on Wednesday. The company’s fifty day moving average price is $2.72 and its 200-day moving average price is $3.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.85 and a quick ratio of 14.86. Cheetah Net Supply Chain Service has a one year low of $1.70 and a one year high of $236.16.

Insider Buying and Selling

In related news, insider Huan Liu sold 45,938 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $6.52, for a total value of $299,515.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 54.72% of the stock is currently owned by company insiders.

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.