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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 85,200 shares, an increase of 9.0% from the November 15th total of 78,200 shares. Approximately 5.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 0.0 days.

Insider Buying and Selling

In other news, insider Huan Liu sold 45,938 shares of Cheetah Net Supply Chain Service stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total transaction of $299,515.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 54.72% of the stock is owned by insiders.

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. Renaissance Technologies LLC bought a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned 1.09% of Cheetah Net Supply Chain Service at the end of the most recent quarter. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Cheetah Net Supply Chain Service Price Performance

NASDAQ:CTNT traded down $0.31 during midday trading on Tuesday, hitting $3.13. The company had a trading volume of 74,449 shares, compared to its average volume of 658,669. The stock’s fifty day moving average price is $2.90 and its 200-day moving average price is $4.72. Cheetah Net Supply Chain Service has a 52-week low of $1.70 and a 52-week high of $236.16. The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $6.13 million, a PE ratio of -1.58 and a beta of 3.80.

Cheetah Net Supply Chain Service Company Profile

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.