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

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 13,432 shares, a decrease of 46.2% from the June 15th total of 24,947 shares. Based on an average daily trading volume, of 38,150 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Cheetah Mobile Stock Up 0.8%

NYSE CMCM traded up $0.03 during trading hours on Thursday, hitting $3.14. 3,084 shares of the company were exchanged, compared to its average volume of 18,689. The firm has a market cap of $95.08 million, a price-to-earnings ratio of -2.68 and a beta of 1.82. The company has a 50 day moving average of $3.96 and a two-hundred day moving average of $5.43. Cheetah Mobile has a 52-week low of $2.65 and a 52-week high of $9.44.

Institutional Trading of Cheetah Mobile

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of Cheetah Mobile by 17.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,443 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Cheetah Mobile in the 4th quarter valued at $69,000. Nomura Holdings Inc. purchased a new stake in shares of Cheetah Mobile during the 3rd quarter worth $94,000. Finally, Jane Street Group LLC lifted its position in shares of Cheetah Mobile by 852.7% during the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after purchasing an additional 26,978 shares during the last quarter. 0.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cheetah Mobile currently has an average rating of “Sell”.

Cheetah Mobile Company Profile

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.