Cheetah Mobile Inc. (NYSE:CMCM) Sees Significant Decrease in Short Interest

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 28,202 shares, a drop of 37.1% from the December 31st total of 44,851 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 12,514 shares, the days-to-cover ratio is currently 2.3 days. Based on an average trading volume of 12,514 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Cheetah Mobile

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Cheetah Mobile Stock Performance

Shares of CMCM opened at $6.26 on Friday. The stock has a 50-day moving average of $6.77 and a two-hundred day moving average of $6.77. The stock has a market cap of $189.65 million, a P/E ratio of -3.10 and a beta of 1.89. Cheetah Mobile has a one year low of $3.28 and a one year high of $9.44.

Cheetah Mobile Company Profile

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.