Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Update
by Amy Steele · The Cerbat GemCheetah Net Supply Chain Service Inc. (NASDAQ:CTNT – Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 23,817 shares, a drop of 18.9% from the December 31st total of 29,377 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 59,578 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 59,578 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On Cheetah Net Supply Chain Service
A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC grew its stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT – Free Report) by 106.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,926 shares of the company’s stock after buying an additional 24,212 shares during the period. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 as of its most recent filing with the Securities and Exchange Commission. 0.04% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Report on CTNT
Cheetah Net Supply Chain Service Trading Up 0.9%
Shares of NASDAQ:CTNT traded up $0.01 during trading on Monday, hitting $1.07. 44,416 shares of the company’s stock were exchanged, compared to its average volume of 129,467. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2.92 million, a P/E ratio of -1.34 and a beta of 1.95. The firm has a 50-day moving average price of $1.26 and a two-hundred day moving average price of $1.51. Cheetah Net Supply Chain Service has a 1-year low of $1.03 and a 1-year high of $2.37.
Cheetah Net Supply Chain Service (NASDAQ:CTNT – Get Free Report) last announced its quarterly earnings data on Saturday, November 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.15). Cheetah Net Supply Chain Service had a negative net margin of 333.29% and a negative return on equity of 35.67%. The business had revenue of $0.36 million during the quarter, compared to the consensus estimate of $0.40 million.
Cheetah Net Supply Chain Service Company Profile
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.