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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 23,900 shares, a decrease of 8.1% from the March 15th total of 26,000 shares. Approximately 7.6% of the company’s stock are short sold. Based on an average daily volume of 21,700 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

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

Cheetah Net Supply Chain Service Stock Performance

Shares of CTNT opened at $1.55 on Wednesday. Cheetah Net Supply Chain Service has a fifty-two week low of $0.92 and a fifty-two week high of $6.90. The company has a current ratio of 4.16, a quick ratio of 3.52 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $1.84 and its 200-day moving average is $1.56.

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

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.