Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Increases By 511.3%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 212,861 shares, a growth of 511.3% from the May 31st total of 34,819 shares. Approximately 9.5% of the company’s stock are short sold. Based on an average daily volume of 2,868,836 shares, the short-interest ratio is currently 0.1 days.

Insider Activity at Cheetah Net Supply Chain Service

In other Cheetah Net Supply Chain Service news, insider Huan Liu purchased 200,000 shares of Cheetah Net Supply Chain Service stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the acquisition, the insider owned 200,877 shares in the company, valued at $401,754. This trade represents a 22,805.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.45% of the company’s stock.

Hedge Funds Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP bought a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CTNT shares. Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Thursday, June 18th. Wall Street Zen raised Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Cheetah Net Supply Chain Service Stock Performance

CTNT stock remained flat at $1.56 during trading on Friday. 48,167 shares of the company were exchanged, compared to its average volume of 860,316. The firm has a market cap of $4.62 million, a P/E ratio of -0.01 and a beta of -0.89. Cheetah Net Supply Chain Service has a one year low of $1.47 and a one year high of $424.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 43.19 and a current ratio of 43.19. The business has a fifty day simple moving average of $4.34 and a 200-day simple moving average of $176.43.

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

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.