Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Down 54.0% in December

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 29,377 shares, a decrease of 54.0% from the December 15th total of 63,847 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 29,981 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 29,981 shares, the short-interest ratio is currently 1.0 days. Approximately 1.4% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Cheetah Net Supply Chain Service Price Performance

Shares of NASDAQ CTNT traded up $0.03 during midday trading on Friday, hitting $1.19. 52,868 shares of the company’s stock were exchanged, compared to its average volume of 58,958. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.53. The company has a market cap of $3.25 million, a price-to-earnings ratio of -1.49 and a beta of 1.95. Cheetah Net Supply Chain Service has a 12-month low of $1.12 and a 12-month high of $2.64.

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

Hedge Funds Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP bought a new position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned approximately 0.65% of Cheetah Net Supply Chain Service at the end of the most recent reporting period. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Cheetah Net Supply Chain Service Company Profile

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.