Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Increases By 511.3%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 212,861 shares, an increase of 511.3% from the May 31st total of 34,819 shares. Approximately 9.5% of the company’s shares are short sold. Based on an average trading volume of 2,868,836 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Thursday, June 18th. Wall Street Zen raised Cheetah Net Supply Chain Service to a “hold” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Insiders Place Their Bets

In related news, insider Huan Liu bought 200,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $2.00 per share, with a total value of $400,000.00. Following the transaction, the insider owned 200,877 shares in the company, valued at $401,754. This trade represents a 22,805.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.45% of the stock is owned by insiders.

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 acquired a new stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 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 Price Performance

CTNT stock remained flat at $1.56 during mid-day trading on Friday. 48,167 shares of the company’s stock were exchanged, compared to its average volume of 860,316. The stock has a market cap of $4.62 million, a P/E ratio of -0.01 and a beta of -0.89. The business has a 50 day moving average of $4.34 and a 200 day moving average of $176.43. Cheetah Net Supply Chain Service has a twelve month low of $1.47 and a twelve month high of $424.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 43.19 and a quick ratio of 43.19.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($4.53) earnings per share for the quarter, beating the consensus estimate of ($10.00) by $5.47. Cheetah Net Supply Chain Service had a negative net margin of 389.47% and a negative return on equity of 17.62%. The firm had revenue of $0.09 million during the quarter, compared to the consensus estimate of $0.20 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.