Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Update

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 78,595 shares, a growth of 230.0% from the January 15th total of 23,817 shares. Based on an average daily volume of 207,089 shares, the days-to-cover ratio is currently 0.4 days. Approximately 3.7% of the company’s shares are short sold. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 207,089 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP acquired a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned about 0.65% of Cheetah Net Supply Chain Service as of its most recent SEC filing. Institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Stock Down 2.6%

NASDAQ:CTNT traded down $0.04 during trading hours on Thursday, hitting $1.30. The stock had a trading volume of 13,003 shares, compared to its average volume of 106,872. The company has a market cap of $3.54 million, a PE ratio of -1.62 and a beta of 1.96. The business has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.49. Cheetah Net Supply Chain Service has a 1-year low of $1.03 and a 1-year high of $2.37. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

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.