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

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP purchased a new position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned about 0.65% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Price Performance

Shares of Cheetah Net Supply Chain Service stock traded up $0.01 on Friday, hitting $0.04. 2,557,502,727 shares of the company traded hands, compared to its average volume of 155,028,640. The stock has a market capitalization of $1.54 million, a P/E ratio of -0.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.74 and a current ratio of 6.74. Cheetah Net Supply Chain Service has a 52 week low of $0.03 and a 52 week high of $2.31. The business has a 50-day simple moving average of $1.27 and a 200 day simple moving average of $1.33.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings data on Friday, March 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.07). The company had revenue of $0.09 million for the quarter, compared to the consensus estimate 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%.

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.