Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Update

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

Cheetah Net Supply Chain Service Price Performance

Shares of CTNT stock traded down $0.11 during trading hours on Friday, hitting $1.46. 12,026 shares of the company’s stock were exchanged, compared to its average volume of 659,675. 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 has a fifty-two week low of $1.40 and a fifty-two week high of $236.16. The firm has a market cap of $3.90 million, a P/E ratio of -0.72 and a beta of 2.01. The firm has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.69.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its earnings results on Monday, March 17th. The company reported ($2.65) earnings per share 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 quarter last year, the business earned $0.12 earnings per share.

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.