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 significant decrease in short interest in March. As of March 15th, there was short interest totalling 11,900 shares, a decrease of 67.2% from the February 28th total of 36,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 74,200 shares, the short-interest ratio is currently 0.2 days.

Cheetah Net Supply Chain Service Trading Down 6.9 %

CTNT traded down $0.11 during mid-day trading on Friday, hitting $1.46. The stock had a trading volume of 11,888 shares, compared to its average volume of 657,049. The stock’s fifty day simple moving average is $1.94 and its 200-day simple moving average is $2.71. The firm has a market capitalization of $3.90 million, a price-to-earnings ratio of -0.72 and a beta of 2.01. Cheetah Net Supply Chain Service has a 1-year low of $1.40 and a 1-year high of $236.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.85 and a quick ratio of 14.86.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its quarterly earnings data on Monday, March 17th. The company reported ($2.65) EPS for the quarter. Cheetah Net Supply Chain Service had a negative return on equity of 29.42% and a negative net margin of 39.91%. During the same period last year, the company posted $0.12 EPS.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.