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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 30,700 shares, a decline of 5.8% from the January 15th total of 32,600 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,930,000 shares, the short-interest ratio is presently 0.0 days.

Insider Buying and Selling at Cheetah Net Supply Chain Service

In related news, insider Huan Liu sold 45,938 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $6.52, for a total value of $299,515.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 54.72% of the company’s stock.

Cheetah Net Supply Chain Service Price Performance

Shares of CTNT opened at $1.98 on Tuesday. The company’s 50-day moving average is $2.72 and its 200-day moving average is $3.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.85 and a quick ratio of 14.86. The firm has a market capitalization of $5.29 million, a PE ratio of -0.98 and a beta of 2.05. Cheetah Net Supply Chain Service has a fifty-two week low of $1.70 and a fifty-two week high of $236.16.

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.