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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 71,953 shares, a drop of 91.8% from the September 15th total of 882,291 shares. Based on an average daily volume of 2,237,691 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.8% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Monday, September 14th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

Cheetah Net Supply Chain Service Trading Down 6.4%

NASDAQ CTNT opened at $2.64 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.56 and a current ratio of 47.56. Cheetah Net Supply Chain Service has a one year low of $2.31 and a one year high of $63,600.00. The company has a 50-day simple moving average of $139.56 and a 200-day simple moving average of $5,419.02. The firm has a market capitalization of $3.51 million, a PE ratio of -0.00 and a beta of -0.64.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($99.00) by $99.04. Cheetah Net Supply Chain Service had a negative return on equity of 7.88% and a negative net margin of 206.70%. The company had revenue of $0.87 million during the quarter, compared to the consensus estimate of $0.10 million.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel-import vehicle market. The company helps facilitate the purchase and sale of vehicles sourced through channels outside a manufacturer’s official distribution network, with an emphasis on serving customers seeking imported automobiles.

Cheetah Net’s activities include vehicle sourcing, supply chain coordination, logistics support and related services associated with the cross-border distribution of automobiles.