Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Rises By 197.5%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 36,300 shares, a growth of 197.5% from the February 13th total of 12,200 shares. Based on an average daily trading volume, of 167,900 shares, the short-interest ratio is presently 0.2 days. Approximately 1.8% of the shares of the company are sold short.

Cheetah Net Supply Chain Service Stock Performance

CTNT traded up $0.06 during midday trading on Friday, hitting $1.69. 3,743 shares of the company traded hands, compared to its average volume of 656,392. The company’s 50-day moving average is $2.18 and its 200 day moving average is $2.88. Cheetah Net Supply Chain Service has a 52 week low of $1.55 and a 52 week high of $236.16. The firm has a market capitalization of $4.51 million, a PE ratio of -0.84 and a beta of 2.01. The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04.

About Cheetah Net Supply Chain Service

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.