Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) Short Interest Down 60.3% in February

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 12,200 shares, a decrease of 60.3% from the January 31st total of 30,700 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,920,000 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 company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total value of $299,515.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 54.72% of the company’s stock.

Cheetah Net Supply Chain Service Trading Down 0.5 %

Shares of NASDAQ CTNT traded down $0.01 during mid-day trading on Friday, hitting $1.89. 23,322 shares of the company traded hands, compared to its average volume of 51,066. Cheetah Net Supply Chain Service has a 1 year low of $1.70 and a 1 year high of $236.16. The stock has a market capitalization of $5.05 million, a price-to-earnings ratio of -0.94 and a beta of 2.05. 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 business has a 50 day moving average of $2.44 and a two-hundred day moving average of $3.00.

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.