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 daily trading volume, of 1,950,000 shares, the short-interest ratio is currently 0.0 days. Approximately 5.0% of the shares of the company are sold short.

Cheetah Net Supply Chain Service Trading Up 1.8 %

Shares of CTNT stock opened at $3.44 on Tuesday. Cheetah Net Supply Chain Service has a twelve month low of $1.70 and a twelve month high of $236.16. The company has a market capitalization of $6.74 million, a price-to-earnings ratio of -1.70 and a beta of 3.80. The firm has a 50-day moving average price of $2.91 and a 200 day moving average price of $4.80. The company has a current ratio of 14.85, a quick ratio of 14.86 and a debt-to-equity ratio of 0.04.

Insider Activity at Cheetah Net Supply Chain Service

In other Cheetah Net Supply Chain Service news, insider Huan Liu sold 45,938 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $6.52, for a total transaction of $299,515.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 54.72% of the stock is currently owned by insiders.

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

Cheetah Net Supply Chain Service Company Profile

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.