Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Declines By 54.0%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 29,377 shares, a drop of 54.0% from the December 15th total of 63,847 shares. Based on an average trading volume of 29,981 shares, the short-interest ratio is currently 1.0 days. Approximately 1.4% of the shares of the company are sold short. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 29,981 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheetah Net Supply Chain Service has a consensus rating of “Sell”.

Cheetah Net Supply Chain Service Stock Performance

Shares of NASDAQ CTNT opened at $1.16 on Wednesday. The firm has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.51 and a quick ratio of 7.51. Cheetah Net Supply Chain Service has a 1 year low of $1.12 and a 1 year high of $2.75. The stock has a market cap of $3.16 million, a PE ratio of -1.45 and a beta of 1.95.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its quarterly earnings results on Saturday, November 8th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.15). The business had revenue of $0.36 million for the quarter, compared to analysts’ expectations of $0.40 million. Cheetah Net Supply Chain Service had a negative return on equity of 35.67% and a negative net margin of 333.29%.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC boosted its position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 46,926 shares of the company’s stock after acquiring an additional 24,212 shares during the quarter. Citadel Advisors LLC owned about 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent reporting period. Institutional investors own 0.04% of the company’s stock.

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.