Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Drops By 94.7%

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

Wall Street Analysts Forecast Growth

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

Cheetah Net Supply Chain Service Price Performance

Shares of CTNT stock traded down $0.12 during trading hours on Tuesday, hitting $2.59. The company had a trading volume of 74,403 shares, compared to its average volume of 498,851. Cheetah Net Supply Chain Service has a 12 month low of $2.41 and a 12 month 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 firm’s fifty day moving average is $203.17 and its 200 day moving average is $243.23. The firm has a market capitalization of $465,300.00, a price-to-earnings ratio of -0.01 and a beta of -0.61.

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

Hedge Funds 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 stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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. Hedge funds and other institutional investors own 0.04% of the company’s stock.

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.