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 in the month of September. As of September 15th, there was short interest totaling 882,291 shares, a growth of 525.6% from the August 31st total of 141,023 shares. Based on an average daily trading volume, of 36,505,027 shares, the short-interest ratio is presently 0.0 days. Approximately 31.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat, the stock currently has an average rating of “Sell”.

Cheetah Net Supply Chain Service Trading Down 1.9%

NASDAQ CTNT opened at $0.03 on Friday. Cheetah Net Supply Chain Service has a 12 month low of $0.03 and a 12 month high of $424.00. The stock has a 50-day simple moving average of $1.27 and a 200 day simple moving average of $57.42. The company has a current ratio of 47.56, a quick ratio of 47.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $93,240.00, a PE ratio of -0.00 and a beta of -1.00.

Shares of Cheetah Net Supply Chain Service are going to reverse split on the morning of Monday, September 28th. The 1-150 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 27th.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its earnings results on Thursday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.70. The firm had revenue of $0.87 million for the quarter, compared to analysts’ expectations of $0.10 million. Cheetah Net Supply Chain Service had a negative return on equity of 7.88% and a negative net margin of 206.70%.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel importation and distribution of automobiles. Through its operating subsidiaries, the company sources vehicles from the United States and facilitates their sale and delivery to customers and automotive dealers in overseas markets, particularly China.

The company’s activities may include vehicle procurement, export coordination, international transportation, customs-related support and other logistics services associated with cross-border automobile transactions.