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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) saw a large increase in short interest in 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 trading volume, of 167,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.8% of the company’s stock are sold short.

Cheetah Net Supply Chain Service Trading Up 3.0 %

Shares of NASDAQ:CTNT opened at $1.69 on Thursday. The company has a current ratio of 14.85, a quick ratio of 14.86 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $2.21 and its two-hundred day moving average is $2.88. The company has a market cap of $4.52 million, a PE ratio of -0.84 and a beta of 2.01. Cheetah Net Supply Chain Service has a 52 week low of $1.55 and a 52 week high of $236.16.

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.