Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Sees Significant Decline in Short Interest

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 71,953 shares, a decrease of 91.8% from the September 15th total of 882,291 shares. Based on an average daily volume of 2,237,691 shares, the short-interest ratio is currently 0.0 days. Currently, 5.8% of the shares of the stock are short sold.

Cheetah Net Supply Chain Service Price Performance

Shares of NASDAQ CTNT traded down $0.18 during midday trading on Friday, reaching $2.64. 132,629 shares of the stock traded hands, compared to its average volume of 186,048. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.56 and a quick ratio of 47.56. The stock has a market capitalization of $3.51 million, a PE ratio of -0.00 and a beta of -0.64. Cheetah Net Supply Chain Service has a one year low of $2.31 and a one year high of $63,600.00. The company’s 50 day moving average is $139.56 and its 200 day moving average is $5,419.02.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($99.00) by $99.04. The company 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 net margin of 206.70% and a negative return on equity of 7.88%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

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.