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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 72,600 shares, a drop of 20.6% from the December 15th total of 91,400 shares. Based on an average daily trading volume, of 1,980,000 shares, the short-interest ratio is presently 0.0 days. Currently, 5.9% of the shares of the stock are short sold.

Cheetah Net Supply Chain Service Price Performance

Shares of CTNT traded up $0.01 during mid-day trading on Thursday, hitting $2.44. 27,549 shares of the stock were exchanged, compared to its average volume of 82,365. The company has a debt-to-equity ratio of 0.04, a quick ratio of 14.86 and a current ratio of 14.85. The company has a market cap of $6.52 million, a PE ratio of -1.21 and a beta of 2.14. Cheetah Net Supply Chain Service has a 52-week low of $1.70 and a 52-week high of $236.16. The firm has a 50-day moving average of $2.80 and a two-hundred day moving average of $3.85.

Insider Activity

In other news, insider Huan Liu sold 45,938 shares of Cheetah Net Supply Chain Service stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total value of $299,515.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 54.72% of the company’s stock.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned approximately 1.09% of Cheetah Net Supply Chain Service as of its most recent SEC filing. 0.04% of the stock is owned by institutional investors.

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.