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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 26,000 shares, a drop of 29.2% from the February 29th total of 36,700 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is currently 1.2 days. Approximately 9.4% of the company’s shares are short sold.

Cheetah Net Supply Chain Service Stock Performance

Shares of Cheetah Net Supply Chain Service stock traded down $0.14 on Friday, hitting $1.97. The stock had a trading volume of 6,554 shares, compared to its average volume of 16,985. The company has a quick ratio of 3.52, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. Cheetah Net Supply Chain Service has a one year low of $0.92 and a one year high of $6.90. The stock’s 50-day simple moving average is $1.72 and its two-hundred day simple moving average is $1.60.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last issued its earnings results on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $5.84 million during the quarter.

Analysts Set New Price Targets

Separately, Maxim Group cut their target price on shares of Cheetah Net Supply Chain Service from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th.

Cheetah Net Supply Chain Service Company Profile

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.