Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Down 75.4% in July

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 188,874 shares, a drop of 75.4% from the June 30th total of 766,513 shares. Based on an average daily trading volume, of 417,899 shares, the days-to-cover ratio is presently 0.5 days. Approximately 6.8% of the shares of the company are short sold.

Analysts Set New Price Targets

Several brokerages recently issued reports on CTNT. Wall Street Zen upgraded shares of Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Buying and Selling

In other Cheetah Net Supply Chain Service news, insider Huan Liu acquired 200,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $2.00 per share, for a total transaction of $400,000.00. Following the purchase, the insider owned 200,877 shares in the company, valued at approximately $401,754. The trade was a 22,805.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.47% of the company’s stock.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP acquired a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned 0.65% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Stock Performance

Shares of NASDAQ CTNT traded up $0.24 during midday trading on Friday, reaching $1.73. 2,974,909 shares of the stock were exchanged, compared to its average volume of 1,413,694. The firm has a market cap of $5.12 million, a price-to-earnings ratio of -0.01 and a beta of -0.93. Cheetah Net Supply Chain Service has a twelve month low of $1.43 and a twelve month high of $424.00. The firm has a 50-day simple moving average of $1.69 and a two-hundred day simple moving average of $139.24. The company has a quick ratio of 43.19, a current ratio of 43.19 and a debt-to-equity ratio of 0.01.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its earnings results on Thursday, May 14th. The company reported ($4.53) earnings per share (EPS) for the quarter, beating the consensus estimate of ($10.00) by $5.47. The firm had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.20 million. Cheetah Net Supply Chain Service had a negative net margin of 389.47% and a negative return on equity of 17.62%.

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.