Cheetah Net Supply Chain Service craters under extraordinary short pressure. Short interest surged 764% in thirty days to 22.5% of float. Cost to borrow hit 178% as utilisation volatility signals acute dislocation.
CTNT closed at $0.0425 on April 24, down 55% on the week and down 97% over the past month. The stock posted a 28% bounce on the final session.
Short interest stands at 615,000 shares, representing 22.5% of the free float. That marks an 864% surge from the 71,000 shares short on March 18. The position exploded between April 14 and April 20, peaking at 4.0 million shares before retreating sharply. Over the past week, short interest jumped 124%, adding roughly 340,000 shares. The latest reading shows a 3% decline from the prior day as shorts covered into the collapse.
Cost to borrow sits at 178% APR as of April 23. That is up 24% week-over-week and up 5,356% from the 3.3% rate a month earlier. Borrow costs spiked from 7.3% on April 14 to 198.7% on April 17, the highest point in the data set, before settling at current levels.
Utilisation registered just 3.12% on April 23. That stands in stark contrast to the 89.3% reading on April 14, which remains the 52-week high. Utilisation has whipsawed wildly: 77.5% on April 15, 63.4% on April 17, 29.7% on April 21, then collapsing below 5%. The pattern suggests rapid expansion and contraction of the share-lending pool as the stock dislocated.
Founder and Chairman/CEO Huan Liu holds 690,875 shares, or 1.87% of the company, unchanged as of February 3. Xianggeng Huang added 4,687 shares to a 145,312-share stake (0.39%). Citadel trimmed 916 shares, leaving 46,010. XTX Markets initiated a 13,917-share position in Q4 2025.
All recorded insider transactions are sales. Founder and CEO Huan Liu sold 45,938 shares at $6.52 on December 3, 2024, for $299,516. Earlier in 2024, multiple 10% shareholders liquidated multi-million-share blocks at prices between $0.96 and $2.91. The 90-day net position shows sales of 45,938 shares totaling $299,516, though this reading is now 508 days stale.
Cheetah Net is scheduled to report earnings on May 8, 2026. Recent earnings announcements occurred March 26, March 20, and January 31. The stock's extreme volatility, massive short position, and microscopic price suggest elevated risk around the event.
See the live data behind this article on ORTEX.
Open CTNT on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
