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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 78,595 shares, an increase of 230.0% from the January 15th total of 23,817 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 207,089 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 207,089 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.7% of the shares of the company are sold short.

Cheetah Net Supply Chain Service Stock Performance

CTNT traded up $0.11 during trading on Wednesday, hitting $1.30. 58,946 shares of the company traded hands, compared to its average volume of 108,668. Cheetah Net Supply Chain Service has a one year low of $1.03 and a one year high of $2.37. The stock’s fifty day moving average is $1.23 and its 200 day moving average is $1.49. The firm has a market cap of $3.54 million, a P/E ratio of -1.62 and a beta of 1.96. The company has a quick ratio of 7.51, a current ratio of 7.51 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Cheetah Net Supply Chain Service

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

Analyst Ratings Changes

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

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.