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

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

Insider Buying and Selling at Cheetah Net Supply Chain Service

In other news, insider Huan Liu sold 45,938 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total transaction of $299,515.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 54.72% of the stock is currently owned by corporate insiders.

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 bought a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned 1.09% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities and Exchange Commission (SEC). 0.04% of the stock is owned by hedge funds and other institutional investors.

Cheetah Net Supply Chain Service Trading Down 2.9 %

Shares of Cheetah Net Supply Chain Service stock 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 company has a debt-to-equity ratio of 0.04, a quick ratio of 14.86 and a current ratio of 14.85. The stock has a market cap of $6.55 million, a price-to-earnings ratio of -1.70 and a beta of 3.80. The firm has a fifty day moving average of $2.91 and a 200-day moving average of $4.80. Cheetah Net Supply Chain Service has a twelve month low of $1.70 and a twelve month 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.