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 large growth in short interest during the month of March. As of March 13th, there was short interest totaling 82,408 shares, a growth of 18.9% from the February 26th total of 69,307 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average trading volume of 62,493 shares, the short-interest ratio is currently 1.3 days.

Cheetah Net Supply Chain Service Trading Up 8.8%

CTNT stock traded up $0.12 on Tuesday, hitting $1.49. 18,226 shares of the company were exchanged, compared to its average volume of 77,893. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.74 and a quick ratio of 6.74. The stock has a market capitalization of $53.91 million, a price-to-earnings ratio of -1.33 and a beta of 1.44. Cheetah Net Supply Chain Service has a twelve month low of $1.03 and a twelve month high of $2.31. The business’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.46.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.07). The company had revenue of $0.09 million for the quarter, compared to analysts’ expectations 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%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP purchased a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned approximately 0.65% of Cheetah Net Supply Chain Service as of its most recent SEC filing. 0.04% of the stock is owned by hedge funds and other institutional investors.

About Cheetah Net Supply Chain Service

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.