Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Up 9.0% in November

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 85,200 shares, an increase of 9.0% from the November 15th total of 78,200 shares. Based on an average trading volume of 1,950,000 shares, the short-interest ratio is currently 0.0 days. Currently, 5.0% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, insider Huan Liu sold 45,938 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $6.52, for a total value of $299,515.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 54.72% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned about 1.09% of Cheetah Net Supply Chain Service as of its most recent SEC filing. 0.04% of the stock is owned by hedge funds and other institutional investors.

Cheetah Net Supply Chain Service Trading Down 9.0 %

CTNT traded down $0.31 during midday trading on Tuesday, reaching $3.13. 74,449 shares of the company were exchanged, compared to its average volume of 658,669. The stock’s 50-day simple moving average is $2.90 and its 200 day simple moving average is $4.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 14.86 and a current ratio of 14.85. The stock has a market capitalization of $6.13 million, a P/E ratio of -1.58 and a beta of 3.80. Cheetah Net Supply Chain Service has a one year low of $1.70 and a one year high of $236.16.

About Cheetah Net Supply Chain Service

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.