Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Stock Short Interest Report for September

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 71,953 shares, a decrease of 91.8% from the September 15th total of 882,291 shares. Based on an average daily volume of 2,237,691 shares, the short-interest ratio is presently 0.0 days. Currently, 5.8% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Cheetah Net Supply Chain Service has an average rating of “Sell”.

Cheetah Net Supply Chain Service Trading Down 6.4%

Shares of CTNT traded down $0.18 during midday trading on Friday, hitting $2.64. The stock had a trading volume of 132,629 shares, compared to its average volume of 186,048. Cheetah Net Supply Chain Service has a 1 year low of $2.31 and a 1 year high of $63,600.00. The firm has a market cap of $3.51 million, a PE ratio of -0.00 and a beta of -0.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.56 and a quick ratio of 47.56. The stock’s 50 day moving average is $139.56 and its 200 day moving average is $5,419.02.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($99.00) by $99.04. Cheetah Net Supply Chain Service had a negative net margin of 206.70% and a negative return on equity of 7.88%. The firm had revenue of $0.87 million during the quarter, compared to analysts’ expectations of $0.10 million.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel importation and distribution of automobiles. Through its operating subsidiaries, the company sources vehicles from the United States and facilitates their sale and delivery to customers and automotive dealers in overseas markets, particularly China.

The company’s activities may include vehicle procurement, export coordination, international transportation, customs-related support and other logistics services associated with cross-border automobile transactions.