Cheetah Mobile Inc. (NYSE:CMCM) Sees Large Increase in Short Interest

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 44,851 shares, an increase of 34.9% from the December 15th total of 33,245 shares. Based on an average daily trading volume, of 23,222 shares, the short-interest ratio is presently 1.9 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 23,222 shares, the short-interest ratio is presently 1.9 days.

Cheetah Mobile Stock Performance

Shares of NYSE:CMCM traded down $0.01 during trading on Monday, reaching $6.94. The stock had a trading volume of 5,973 shares, compared to its average volume of 11,871. Cheetah Mobile has a 52 week low of $3.28 and a 52 week high of $9.44. The firm’s fifty day moving average is $6.77 and its 200 day moving average is $6.68. The stock has a market cap of $210.42 million, a price-to-earnings ratio of -3.44 and a beta of 1.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Nomura Holdings Inc. purchased a new position in Cheetah Mobile Inc. (NYSE:CMCM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,680 shares of the software maker’s stock, valued at approximately $94,000. Institutional investors own 0.41% of the company’s stock.

About Cheetah Mobile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.