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

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

Wall Street Analysts Forecast Growth

Separately, Maxim Group cut their target price on Cheetah Net Supply Chain Service from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th.

Cheetah Net Supply Chain Service Price Performance

Shares of NASDAQ CTNT traded up $0.02 during trading hours on Tuesday, hitting $1.55. 158,723 shares of the stock were exchanged, compared to its average volume of 32,822. Cheetah Net Supply Chain Service has a 12 month low of $0.92 and a 12 month high of $6.90. The firm has a fifty day moving average price of $1.84 and a 200-day moving average price of $1.56. The company has a current ratio of 4.16, a quick ratio of 3.52 and a debt-to-equity ratio of 0.09.

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

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.