Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Grows By 18.9%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 82,408 shares, an increase of 18.9% from the February 26th total of 69,307 shares. Based on an average daily trading volume, of 62,493 shares, the short-interest ratio is presently 1.3 days. Approximately 4.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP acquired a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned 0.65% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Price Performance

Shares of NASDAQ:CTNT traded up $0.12 during midday trading on Tuesday, hitting $1.49. 18,226 shares of the stock were exchanged, compared to its average volume of 77,893. Cheetah Net Supply Chain Service has a twelve month low of $1.03 and a twelve month high of $2.31. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $1.39 and a 200-day moving average price of $1.46. The stock has a market cap of $53.91 million, a P/E ratio of -1.33 and a beta of 1.44.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its quarterly earnings data on Friday, March 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.07). The business had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.30 million. Cheetah Net Supply Chain Service had a negative net margin of 283.24% and a negative return on equity of 34.16%.

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.