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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 67,856 shares, a drop of 13.7% from the January 29th total of 78,595 shares. Based on an average daily trading volume, of 53,081 shares, the days-to-cover ratio is presently 1.3 days. Currently, 3.3% of the company’s shares are sold short. Currently, 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 53,081 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

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

Cheetah Net Supply Chain Service Price Performance

CTNT stock opened at $1.63 on Friday. The stock has a market capitalization of $4.45 million, a price-to-earnings ratio of -2.04 and a beta of 1.46. The firm’s 50-day moving average price is $1.29 and its two-hundred day moving average price is $1.49. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06. Cheetah Net Supply Chain Service has a 12-month low of $1.03 and a 12-month high of $2.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Cheetah Net Supply Chain Service

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.