How Is The Market Feeling About Cheetah Net Supply Chain?
Portfolio Pulse from Benzinga Insights
Cheetah Net Supply Chain (NYSE:CTNT) has seen a significant increase in short interest, with 53.7% of its float sold short, a 3681.69% rise since the last report. This high short interest compared to peers may indicate bearish sentiment, but it could also lead to a short squeeze.
October 30, 2024 | 2:15 pm
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Cheetah Net Supply Chain's short interest has surged by 3681.69%, with 53.7% of its float sold short. This indicates a significant bearish sentiment, but also the potential for a short squeeze if the stock price rises.
The massive increase in short interest suggests bearish sentiment, but the high percentage of float sold short could lead to a short squeeze if the stock price rises, creating potential volatility.
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