Short Interest in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Grows By 197.5%

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 36,300 shares, an increase of 197.5% from the February 13th total of 12,200 shares. Based on an average daily volume of 167,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.8% of the shares of the company are sold short.

Cheetah Net Supply Chain Service Stock Performance

CTNT traded up $0.06 during midday trading on Friday, reaching $1.69. The company had a trading volume of 3,743 shares, compared to its average volume of 656,392. Cheetah Net Supply Chain Service has a 1 year low of $1.55 and a 1 year high of $236.16. The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.51 million, a P/E ratio of -0.84 and a beta of 2.01. The business has a 50-day moving average of $2.18 and a two-hundred day moving average of $2.88.

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.