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

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

Analyst Ratings Changes

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

Cheetah Mobile Stock Performance

CMCM stock traded down $0.27 during mid-day trading on Friday, hitting $5.98. 30,080 shares of the company were exchanged, compared to its average volume of 13,335. Cheetah Mobile has a 1-year low of $3.28 and a 1-year high of $9.44. The firm’s 50 day simple moving average is $6.76 and its 200 day simple moving average is $6.78. The firm has a market cap of $181.31 million, a P/E ratio of -2.96 and a beta of 1.89.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheetah Mobile stock. Nomura Holdings Inc. bought a new stake in Cheetah Mobile Inc. (NYSE:CMCM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,680 shares of the software maker’s stock, valued at approximately $94,000. Hedge funds and other institutional investors own 0.41% of the company’s stock.

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.