Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 79.7% in March

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 53,953 shares, a growth of 79.7% from the March 15th total of 30,025 shares. Based on an average trading volume of 40,639 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Cheetah Mobile Trading Up 2.8%

CMCM opened at $5.75 on Wednesday. The business’s 50 day moving average is $6.26 and its 200-day moving average is $6.79. The stock has a market cap of $174.19 million, a PE ratio of -4.60 and a beta of 1.95. Cheetah Mobile has a twelve month low of $3.46 and a twelve month high of $9.44.

Institutional Investors Weigh In On Cheetah Mobile

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new stake in shares of Cheetah Mobile during the fourth quarter valued at approximately $69,000. Nomura Holdings Inc. acquired a new position in shares of Cheetah Mobile during the third quarter valued at approximately $94,000. Goldman Sachs Group Inc. increased its stake in shares of Cheetah Mobile by 17.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after acquiring an additional 3,443 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Cheetah Mobile by 852.7% during the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after acquiring an additional 26,978 shares during the period. 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.