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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 63,847 shares, a decline of 31.5% from the November 30th total of 93,229 shares. Based on an average daily trading volume, of 15,624 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.0% of the company’s stock are short sold. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,624 shares, the days-to-cover ratio is currently 4.1 days.

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 bought a new stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Stock Performance

Shares of NASDAQ CTNT traded down $0.03 during midday trading on Wednesday, hitting $1.18. 17,264 shares of the company’s stock were exchanged, compared to its average volume of 187,231. The company has a quick ratio of 7.51, a current ratio of 7.51 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.22 million, a PE ratio of -1.48 and a beta of 1.91. Cheetah Net Supply Chain Service has a 12 month low of $1.12 and a 12 month high of $3.34. The company’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.54.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cheetah Net Supply Chain Service presently has an average rating of “Sell”.

About Cheetah Net Supply Chain Service

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.