Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Up 537.6% in April

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 562,474 shares, a growth of 537.6% from the March 31st total of 88,224 shares. Based on an average trading volume of 14,003,030 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.1% of the shares of the company are short sold.

Cheetah Net Supply Chain Service Stock Performance

Shares of CTNT stock traded up $0.01 during trading hours on Friday, hitting $0.04. 2,557,502,727 shares of the company’s stock were exchanged, compared to its average volume of 155,028,640. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $1.27 and a two-hundred day moving average of $1.34. Cheetah Net Supply Chain Service has a fifty-two week low of $0.03 and a fifty-two week high of $2.31.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its earnings results on Friday, March 20th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.07). The business had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.30 million. Cheetah Net Supply Chain Service had a negative return on equity of 34.16% and a negative net margin of 283.24%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC lifted its holdings in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,926 shares of the company’s stock after buying an additional 24,212 shares during the quarter. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 as of its most recent SEC filing. Institutional investors own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

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

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.