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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 11,900 shares, a drop of 67.2% from the February 28th total of 36,300 shares. Based on an average daily volume of 74,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock traded down $0.11 during trading hours on Friday, hitting $1.46. 11,888 shares of the stock were exchanged, compared to its average volume of 657,049. The stock has a market capitalization of $3.90 million, a P/E ratio of -0.72 and a beta of 2.01. The business’s 50-day moving average is $1.94 and its two-hundred day moving average is $2.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 14.86 and a current ratio of 14.85. Cheetah Net Supply Chain Service has a 12 month low of $1.40 and a 12 month high of $236.16.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings results on Monday, March 17th. The company reported ($2.65) 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 period in the prior year, the business earned $0.12 EPS.

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.