Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Down 13.7% in February

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 67,856 shares, a drop of 13.7% from the January 29th total of 78,595 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average trading volume of 53,081 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 53,081 shares, the short-interest ratio is currently 1.3 days. Currently, 3.3% of the shares of the stock are short sold.

Cheetah Net Supply Chain Service Price Performance

Shares of CTNT stock traded down $0.06 on Wednesday, reaching $1.72. The company’s stock had a trading volume of 5,325 shares, compared to its average volume of 93,601. The stock’s fifty day simple moving average is $1.27 and its 200-day simple moving average is $1.48. Cheetah Net Supply Chain Service has a 1 year low of $1.03 and a 1 year high of $2.31. The company has a market capitalization of $4.70 million, a price-to-earnings ratio of -2.15 and a beta of 1.46. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, Cheetah Net Supply Chain Service presently has a consensus rating of “Sell”.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently raised its position in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC lifted its holdings in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,926 shares of the company’s stock after acquiring an additional 24,212 shares during the period. Citadel Advisors LLC owned 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent quarter. 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.