Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Up 72.3% in February

Cheer Holding, Inc. (NASDAQ:CHR) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 198,082 shares, a growth of 72.3% from the January 29th total of 114,990 shares. Based on an average daily trading volume, of 127,952 shares, the days-to-cover ratio is currently 1.5 days. Currently, 7.3% of the company’s shares are sold short. Currently, 7.3% of the company’s shares are sold short. Based on an average daily trading volume, of 127,952 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Ratings Changes

Several research firms recently issued reports on CHR. Weiss Ratings reissued a “sell (d)” rating on shares of Cheer in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Cheer to a “hold” rating in a research note on Saturday, December 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cheer presently has an average rating of “Sell”.

Hedge Funds Weigh In On Cheer

An institutional investor recently bought a new position in Cheer stock. Jane Street Group LLC acquired a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.54% of the company’s stock.

Cheer Stock Down 5.9%

Shares of NASDAQ CHR traded down $0.08 during mid-day trading on Friday, hitting $1.27. The company had a trading volume of 45,111 shares, compared to its average volume of 106,605. The business’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $13.91. Cheer has a 1-year low of $1.15 and a 1-year high of $104.50.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.