Cheetah Mobile Inc. (NYSE:CMCM – Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 64,200 shares, an increase of 140.4% from the March 31st total of 26,700 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is presently 1.2 days.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Cheetah Mobile in a report on Wednesday. They set a “hold” rating on the stock.
Check Out Our Latest Research Report on Cheetah Mobile
Cheetah Mobile Price Performance
Cheetah Mobile Company Profile
Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.
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