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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 9,300 shares, a decline of 21.8% from the March 15th total of 11,900 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is currently 0.3 days.

Cheetah Net Supply Chain Service Price Performance

NASDAQ:CTNT traded up $0.05 during trading hours on Monday, reaching $1.37. 25,026 shares of the company’s stock were exchanged, compared to its average volume of 660,475. The company has a market capitalization of $3.66 million, a P/E ratio of -0.68 and a beta of 2.17. Cheetah Net Supply Chain Service has a 12 month low of $1.20 and a 12 month high of $236.16. The business’s 50-day simple moving average is $1.61 and its two-hundred day simple moving average is $2.40. The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04.

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

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.