Cheetah Mobile Inc. (NYSE:CMCM) Sees Large Growth in Short Interest

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 44,851 shares, an increase of 34.9% from the December 15th total of 33,245 shares. Based on an average daily volume of 23,222 shares, the short-interest ratio is currently 1.9 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 23,222 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cheetah Mobile currently has an average rating of “Sell”.

Cheetah Mobile Stock Down 0.1%

NYSE:CMCM traded down $0.01 during midday trading on Friday, hitting $6.94. The company had a trading volume of 5,973 shares, compared to its average volume of 11,871. The company has a market capitalization of $210.42 million, a PE ratio of -3.44 and a beta of 1.89. Cheetah Mobile has a 52-week low of $3.28 and a 52-week high of $9.44. The stock’s fifty day moving average price is $6.77 and its 200-day moving average price is $6.65.

Institutional Trading of Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile Inc. (NYSE:CMCM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,680 shares of the software maker’s stock, valued at approximately $94,000. 0.41% of the stock is currently owned by institutional investors and hedge funds.

About Cheetah Mobile

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.