Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Sees Significant Decline in Short Interest

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 11,900 shares, a decrease of 67.2% from the February 28th total of 36,300 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 74,200 shares, the days-to-cover ratio is presently 0.2 days.

Cheetah Net Supply Chain Service Trading Down 6.9 %

Shares of NASDAQ CTNT traded down $0.11 on Friday, reaching $1.46. 12,026 shares of the company traded hands, compared to its average volume of 659,675. 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 stock has a market capitalization of $3.90 million, a PE ratio of -0.72 and a beta of 2.01. Cheetah Net Supply Chain Service has a fifty-two week low of $1.40 and a fifty-two week high of $236.16. The company has a 50 day moving average of $1.92 and a 200 day moving average of $2.69.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings results on Monday, March 17th. The company reported ($2.65) EPS for the quarter. Cheetah Net Supply Chain Service had a negative return on equity of 29.42% and a negative net margin of 39.91%. During the same period last year, the business earned $0.12 EPS.

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.