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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 29,766 shares, a decrease of 94.7% from the April 15th total of 562,474 shares. Currently, 21.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,138,430 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently raised its position in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC grew its stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,926 shares of the company’s stock after purchasing an additional 24,212 shares during the quarter. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent quarter. 0.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Cheetah Net Supply Chain Service Price Performance

CTNT traded down $0.22 during midday trading on Monday, hitting $2.70. The stock had a trading volume of 320,503 shares, compared to its average volume of 1,572,191. The company has a market cap of $486,000.00, a P/E ratio of -0.01 and a beta of -0.61. Cheetah Net Supply Chain Service has a 1 year low of $2.41 and a 1 year high of $462.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.74 and a current ratio of 6.74. The business has a fifty day moving average of $203.17 and a 200 day moving average of $243.23.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings data on Friday, March 20th. The company reported ($64.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($50.00) by ($14.00). The company had revenue of $0.09 million for the quarter, compared to analysts’ expectations of $0.30 million. Cheetah Net Supply Chain Service had a negative net margin of 283.24% and a negative return on equity of 34.16%.

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.