Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Rises By 260.1%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 766,513 shares, an increase of 260.1% from the June 15th total of 212,861 shares. Based on an average trading volume of 4,663,207 shares, the short-interest ratio is currently 0.2 days. Currently, 34.3% of the company’s shares are short sold.

Cheetah Net Supply Chain Service Stock Performance

Shares of CTNT opened at $1.70 on Monday. Cheetah Net Supply Chain Service has a 1 year low of $1.45 and a 1 year high of $424.00. The stock has a market capitalization of $5.03 million, a PE ratio of -0.01 and a beta of -0.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 43.19 and a current ratio of 43.19. The stock has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $155.44.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its earnings results on Thursday, May 14th. The company reported ($4.53) EPS for the quarter, beating the consensus estimate of ($10.00) by $5.47. Cheetah Net Supply Chain Service had a negative return on equity of 17.62% and a negative net margin of 389.47%.The firm had revenue of $0.09 million for the quarter, compared to analyst estimates of $0.20 million.

Insider Transactions at Cheetah Net Supply Chain Service

In other news, insider Huan Liu bought 200,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $2.00 per share, for a total transaction of $400,000.00. Following the acquisition, the insider directly owned 200,877 shares of the company’s stock, valued at $401,754. The trade was a 22,805.02% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.47% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC increased its holdings in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,926 shares of the company’s stock after purchasing an additional 24,212 shares during the quarter. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent quarter. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Cheetah Net Supply Chain Service

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.