Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Rises By 9.0%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 85,200 shares, an increase of 9.0% from the November 15th total of 78,200 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average trading volume of 1,950,000 shares, the days-to-cover ratio is currently 0.0 days.

Insider Activity

In other news, insider Huan Liu sold 45,938 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total value of $299,515.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 54.72% of the company’s stock.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC purchased a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Price Performance

NASDAQ:CTNT traded down $0.10 during trading hours on Tuesday, hitting $3.34. The company’s stock had a trading volume of 48,352 shares, compared to its average volume of 658,532. The business’s 50-day moving average is $2.91 and its two-hundred day moving average is $4.80. Cheetah Net Supply Chain Service has a 52-week low of $1.70 and a 52-week high of $236.16. 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 capitalization of $6.55 million, a PE ratio of -1.70 and a beta of 3.80.

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.