Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Update

Cheer Holding, Inc. (NASDAQ:CHR) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 167,128 shares, a decrease of 15.6% from the February 12th total of 198,082 shares. Currently, 6.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 64,151 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 64,151 shares, the short-interest ratio is currently 2.6 days. Currently, 6.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms have recently commented 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 report on Saturday, December 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Cheer Stock Down 4.8%

NASDAQ CHR opened at $0.99 on Monday. Cheer has a one year low of $0.99 and a one year high of $104.50. The stock’s 50-day moving average is $1.37 and its 200-day moving average is $9.33.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheer stock. Jane Street Group LLC acquired a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing. Institutional investors and hedge funds own 18.54% of the company’s stock.

Cheer Company Profile

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.