Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Rises By 140.4%

Cheetah Mobile Inc. (NYSE:CMCM) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 64,200 shares, an increase of 140.4% from the March 31st total of 26,700 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Cheetah Mobile in a report on Wednesday. They set a “hold” rating on the stock.

Cheetah Mobile Price Performance

Cheetah Mobile stock traded down $0.03 during midday trading on Friday, hitting $4.26. 27,248 shares of the company’s stock were exchanged, compared to its average volume of 45,082. The stock has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $2.35. Cheetah Mobile has a 52-week low of $1.64 and a 52-week high of $5.20.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.