Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Decreases By 8.1%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 23,900 shares, a decline of 8.1% from the March 15th total of 26,000 shares. Currently, 7.6% of the company’s stock are short sold. Based on an average trading volume of 21,700 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, Maxim Group dropped their price target on shares of Cheetah Net Supply Chain Service from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th.

Cheetah Net Supply Chain Service Stock Performance

Shares of NASDAQ:CTNT traded up $0.02 during trading on Tuesday, reaching $1.55. 158,723 shares of the stock traded hands, compared to its average volume of 32,822. Cheetah Net Supply Chain Service has a 52-week low of $0.92 and a 52-week high of $6.90. The stock has a 50-day moving average of $1.84 and a two-hundred day moving average of $1.56. The company has a current ratio of 4.16, a quick ratio of 3.52 and a debt-to-equity ratio of 0.09.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its earnings results on Monday, March 18th. The company reported $0.01 EPS for the quarter. The business had revenue of $5.84 million for the quarter.

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.