Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 52.3% in May

by · The Markets Daily

Cheetah Mobile Inc. (NYSE:CMCM – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 29,623 shares, a decline of 52.3% from the April 30th total of 62,106 shares. Based on an average daily volume of 14,568 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.1% of the company’s stock are sold short.

Cheetah Mobile Price Performance

CMCM stock traded down $0.06 during trading hours on Monday, reaching $4.56. The stock had a trading volume of 24,632 shares, compared to its average volume of 21,550. Cheetah Mobile has a fifty-two week low of $3.92 and a fifty-two week high of $9.44. The stock has a market capitalization of $138.26 million, a PE ratio of -3.65 and a beta of 1.77. The stock has a 50-day simple moving average of $5.48 and a 200 day simple moving average of $6.22.

Institutional Investors Weigh In On Cheetah Mobile

A number of hedge funds and other institutional investors have recently modified their holdings of CMCM. Jane Street Group LLC grew its stake in shares of Cheetah Mobile by 852.7% in the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after acquiring an additional 26,978 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Cheetah Mobile in the 4th quarter valued at about $69,000. Goldman Sachs Group Inc. grew its position in shares of Cheetah Mobile by 17.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock worth $139,000 after purchasing an additional 3,443 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile in the third quarter valued at approximately $94,000. Institutional investors and hedge funds own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cheetah Mobile currently has an average rating of “Sell”.

Read Our Latest Analysis on Cheetah Mobile

Cheetah Mobile Company Profile

(Get Free Report)

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.

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