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

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,600 shares, a drop of 29.0% from the September 30th total of 10,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Cheetah Mobile Price Performance

Shares of CMCM stock remained flat at $7.44 during trading hours on Monday. 9,571 shares of the stock were exchanged, compared to its average volume of 43,114. The firm has a market capitalization of $225.55 million, a price-to-earnings ratio of -3.40 and a beta of 1.86. Cheetah Mobile has a one year low of $3.28 and a one year high of $9.44. The stock has a 50 day simple moving average of $7.62 and a two-hundred day simple moving average of $5.65.

Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings results on Thursday, September 11th. The software maker reported ($0.08) EPS for the quarter. The business had revenue of $41.21 million for the quarter. Cheetah Mobile had a negative return on equity of 13.85% and a negative net margin of 47.30%.

Analysts Set New Price Targets

CMCM has been the subject of a number of research reports. Wall Street Zen upgraded shares of Cheetah Mobile to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheetah Mobile stock. XTX Topco Ltd bought a new position in Cheetah Mobile Inc. (NYSE:CMCM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,000 shares of the software maker’s stock, valued at approximately $60,000. Institutional investors own 0.41% of the company’s stock.

About Cheetah Mobile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.