Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Update

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 25,544 shares, a growth of 49.2% from the July 15th total of 17,116 shares. Based on an average daily trading volume, of 5,533 shares, the short-interest ratio is presently 4.6 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Cheetah Mobile

Several institutional investors have recently bought and sold shares of CMCM. Jane Street Group LLC lifted its position in 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 buying an additional 26,978 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Cheetah Mobile during the 3rd quarter worth about $94,000. Dimensional Fund Advisors LP acquired a new stake in Cheetah Mobile in the 4th quarter valued at about $69,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock worth $139,000 after acquiring an additional 3,443 shares during the last quarter. Institutional investors own 0.41% of the company’s stock.

Cheetah Mobile Stock Performance

Cheetah Mobile stock traded down $0.03 during trading hours on Wednesday, hitting $3.09. 482 shares of the stock were exchanged, compared to its average volume of 19,751. The stock has a market capitalization of $93.69 million, a P/E ratio of -2.64 and a beta of 1.84. Cheetah Mobile has a 12 month low of $2.65 and a 12 month high of $9.44. The business’s 50-day moving average is $3.16 and its two-hundred day moving average is $4.85.

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.