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

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

Cheetah Mobile Trading Down 3.9%

NYSE CMCM traded down $0.12 on Tuesday, reaching $3.03. The company’s stock had a trading volume of 899 shares, compared to its average volume of 19,850. The firm has a market cap of $91.75 million, a PE ratio of -2.59 and a beta of 1.84. The business has a 50-day moving average price of $3.19 and a 200 day moving average price of $4.87. Cheetah Mobile has a 52 week low of $2.65 and a 52 week high of $9.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheetah Mobile has a consensus rating of “Sell”.

Read Our Latest Report on Cheetah Mobile

Hedge Funds Weigh In On Cheetah Mobile

Hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile during the 3rd quarter worth approximately $94,000. Goldman Sachs Group Inc. grew its position in Cheetah Mobile by 17.5% in 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. Dimensional Fund Advisors LP bought a new stake in Cheetah Mobile in the fourth quarter valued at $69,000. Finally, Jane Street Group LLC grew its position in Cheetah Mobile by 852.7% in 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. 0.41% of the stock is owned by institutional investors and hedge funds.

Cheetah Mobile Company Profile

(Get Free Report)

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.

Further Reading

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