Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Drops By 60.3%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 12,200 shares, a drop of 60.3% from the January 31st total of 30,700 shares. Based on an average daily volume of 1,920,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.9% of the shares of the stock are short sold.

Insider Activity

In other news, insider Huan Liu sold 45,938 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total value of $299,515.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 54.72% of the stock is currently owned by corporate insiders.

Cheetah Net Supply Chain Service Trading Up 1.6 %

CTNT stock traded up $0.03 during midday trading on Friday, hitting $1.93. The stock had a trading volume of 15,184 shares, compared to its average volume of 50,801. Cheetah Net Supply Chain Service has a 1-year low of $1.70 and a 1-year high of $236.16. The company has a current ratio of 14.85, a quick ratio of 14.86 and a debt-to-equity ratio of 0.04. The firm has a market cap of $5.16 million, a P/E ratio of -0.96 and a beta of 2.05. The business has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $3.01.

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.