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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 29,766 shares, a decrease of 94.7% from the April 15th total of 562,474 shares. Currently, 21.7% of the company’s shares are sold short. Based on an average daily volume of 3,138,430 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Cheetah Net Supply Chain Service

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

Cheetah Net Supply Chain Service Trading Down 7.5%

CTNT stock traded down $0.22 on Monday, reaching $2.70. The company’s stock had a trading volume of 320,503 shares, compared to its average volume of 1,572,191. The business has a fifty day simple moving average of $203.17 and a two-hundred day simple moving average of $243.23. Cheetah Net Supply Chain Service has a 12-month low of $2.41 and a 12-month high of $462.00. The firm has a market cap of $486,000.00, a PE ratio of -0.01 and a beta of -0.61. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.74 and a current ratio of 6.74.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings results on Friday, March 20th. The company reported ($64.00) EPS for the quarter, missing analysts’ consensus estimates of ($50.00) by ($14.00). Cheetah Net Supply Chain Service had a negative return on equity of 34.16% and a negative net margin of 283.24%.The business had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.30 million.

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.