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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 23,817 shares, a drop of 18.9% from the December 31st total of 29,377 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 59,578 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 59,578 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the shares of the company are sold short.

Cheetah Net Supply Chain Service Price Performance

Shares of Cheetah Net Supply Chain Service stock traded up $0.01 during mid-day trading on Monday, reaching $1.07. 44,416 shares of the stock were exchanged, compared to its average volume of 129,467. Cheetah Net Supply Chain Service has a fifty-two week low of $1.03 and a fifty-two week high of $2.37. The company has a market cap of $2.92 million, a price-to-earnings ratio of -1.34 and a beta of 1.95. The firm has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.51. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings results on Saturday, November 8th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $0.36 million during the quarter, compared to analyst estimates of $0.40 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC grew its holdings in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,926 shares of the company’s stock after buying an additional 24,212 shares during the quarter. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.