Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Down 18.9% in January

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 23,817 shares, a decline of 18.9% from the December 31st total of 29,377 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 59,578 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 59,578 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP acquired a new stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities & Exchange Commission. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheetah Net Supply Chain Service presently has an average rating of “Sell”.

Cheetah Net Supply Chain Service Trading Down 2.8%

Shares of NASDAQ CTNT traded down $0.03 during trading on Tuesday, hitting $1.04. 25,011 shares of the company were exchanged, compared to its average volume of 134,047. The company has a quick ratio of 7.51, a current ratio of 7.51 and a debt-to-equity ratio of 0.06. Cheetah Net Supply Chain Service has a 12-month low of $1.03 and a 12-month high of $2.37. The company has a fifty day moving average price of $1.25 and a 200-day moving average price of $1.50.

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

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.