Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Declines By 8.1%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 23,900 shares, a decrease of 8.1% from the March 15th total of 26,000 shares. Based on an average daily trading volume, of 21,700 shares, the short-interest ratio is currently 1.1 days. Approximately 7.6% of the company’s stock are short sold.

Cheetah Net Supply Chain Service Stock Up 1.3 %

Shares of CTNT traded up $0.02 during trading hours on Tuesday, hitting $1.55. 158,723 shares of the company were exchanged, compared to its average volume of 32,822. The firm’s 50 day moving average is $1.84 and its 200-day moving average is $1.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.52 and a current ratio of 4.16. Cheetah Net Supply Chain Service has a 52 week low of $0.92 and a 52 week high of $6.90.

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

Analysts Set New Price Targets

Separately, Maxim Group cut their price target 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.