Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Decreases By 75.4%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 188,874 shares, a drop of 75.4% from the June 30th total of 766,513 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily volume of 417,899 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling

In related news, insider Huan Liu bought 200,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $2.00 per share, with a total value of $400,000.00. Following the purchase, the insider directly owned 200,877 shares of the company’s stock, valued at $401,754. This trade represents a 22,805.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 6.47% of the stock is owned by insiders.

Institutional Investors 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 purchased a new stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

CTNT has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of Cheetah Net Supply Chain Service to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheetah Net Supply Chain Service has an average rating of “Sell”.

Cheetah Net Supply Chain Service Stock Up 5.2%

NASDAQ:CTNT traded up $0.09 during trading hours on Monday, hitting $1.82. The company’s stock had a trading volume of 372,905 shares, compared to its average volume of 962,428. The stock has a market capitalization of $5.39 million, a P/E ratio of -0.01 and a beta of -0.93. The stock has a fifty day moving average of $1.69 and a 200-day moving average of $138.55. The company has a current ratio of 43.19, a quick ratio of 43.19 and a debt-to-equity ratio of 0.01. Cheetah Net Supply Chain Service has a 52-week low of $1.43 and a 52-week high of $424.00.

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 analysts’ consensus estimates of ($10.00) by $5.47. The company had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $0.20 million. Cheetah Net Supply Chain Service had a negative return on equity of 17.62% and a negative net margin of 389.47%.

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.