Cheetah Mobile Inc. (NYSE:CMCM) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 6,328,132 shares, a decline of 21.4% from the August 31st total of 8,047,335 shares. Based on an average daily trading volume, of 896,195 shares, the short-interest ratio is presently 7.1 days.
Shares of Cheetah Mobile (NYSE:CMCM) opened at 12.50 on Friday. The company’s market cap is $1.74 billion. Cheetah Mobile has a one year low of $8.77 and a one year high of $21.37. The company’s 50 day moving average is $12.61 and its 200 day moving average is $12.59.
A number of hedge funds and other institutional investors have recently modified their holdings of CMCM. Pacad Investment Ltd. bought a new position in shares of Cheetah Mobile during the first quarter valued at about $235,000. BlackRock Fund Advisors increased its position in Cheetah Mobile by 0.8% in the first quarter. BlackRock Fund Advisors now owns 39,689 shares of the company’s stock valued at $648,000 after buying an additional 310 shares during the last quarter. Barclays PLC increased its position in Cheetah Mobile by 164.0% in the first quarter. Barclays PLC now owns 57,462 shares of the company’s stock valued at $920,000 after buying an additional 147,238 shares during the last quarter. State Street Corp increased its position in Cheetah Mobile by 146.4% in the first quarter. State Street Corp now owns 140,141 shares of the company’s stock valued at $2,288,000 after buying an additional 83,261 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Cheetah Mobile by 2.4% in the first quarter. UBS Asset Management Americas Inc. now owns 665,000 shares of the company’s stock valued at $10,859,000 after buying an additional 15,800 shares during the last quarter. 9.16% of the stock is currently owned by institutional investors and hedge funds.
Cheetah Mobile Company Profile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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