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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 63,847 shares, a decrease of 31.5% from the November 30th total of 93,229 shares. Based on an average daily trading volume, of 15,624 shares, the days-to-cover ratio is presently 4.1 days. Currently, 3.0% of the company’s shares are sold short. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 15,624 shares, the days-to-cover ratio is presently 4.1 days.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC grew its stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,926 shares of the company’s stock after purchasing an additional 24,212 shares during the period. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent reporting period. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

Cheetah Net Supply Chain Service Trading Down 2.0%

NASDAQ CTNT traded down $0.03 during trading on Monday, hitting $1.24. The stock had a trading volume of 6,035 shares, compared to its average volume of 188,393. The company has a quick ratio of 7.51, a current ratio of 7.51 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.37 million, a PE ratio of -1.54 and a beta of 1.91. The firm has a 50 day moving average price of $1.42 and a 200 day moving average price of $1.54. Cheetah Net Supply Chain Service has a twelve month low of $1.12 and a twelve month high of $3.37.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its quarterly earnings data on Saturday, November 8th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.15). Cheetah Net Supply Chain Service had a negative net margin of 333.29% and a negative return on equity of 35.67%. The business had revenue of $0.36 million during the quarter, compared to analysts’ expectations of $0.40 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cheetah Net Supply Chain Service presently has a consensus rating of “Sell”.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Group, Inc, through its subsidiaries, operates as an integrated supply chain service provider primarily focused on meeting the needs of cross-border e-commerce and consumer goods companies. The company delivers end-to-end supply chain solutions, leveraging an internet-driven platform to enhance transparency, efficiency and cost control across clients’ procurement and logistics operations.

Key offerings include supply chain design and consulting, global procurement and sourcing support, quality control and inspection, as well as bonded and non-bonded warehousing services.