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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 9,300 shares, a decline of 21.8% from the March 15th total of 11,900 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is presently 0.3 days.

Cheetah Net Supply Chain Service Stock Performance

CTNT traded up $0.01 during midday trading on Friday, reaching $1.32. The company had a trading volume of 29,710 shares, compared to its average volume of 663,027. The business has a 50-day moving average of $1.61 and a two-hundred day moving average of $2.41. The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04. Cheetah Net Supply Chain Service has a 1 year low of $1.20 and a 1 year high of $236.16. The company has a market cap of $3.53 million, a P/E ratio of -0.65 and a beta of 2.17.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its earnings results on Monday, March 17th. The company reported ($2.65) earnings per share (EPS) for the quarter. Cheetah Net Supply Chain Service had a negative return on equity of 29.42% and a negative net margin of 39.91%. During the same quarter in the previous year, the business earned $0.12 earnings per share.

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.