Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Update

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 45,262 shares, a decrease of 66.9% from the March 31st total of 136,894 shares. Based on an average daily trading volume, of 80,381 shares, the short-interest ratio is currently 0.6 days. Approximately 5.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms recently commented on CHR. Weiss Ratings restated a “sell (d)” rating on shares of Cheer in a report on Monday. Wall Street Zen upgraded Cheer to a “hold” rating in a report on Saturday, December 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheer presently has an average rating of “Sell”.

Cheer Trading Down 3.5%

Shares of CHR stock opened at $1.67 on Friday. Cheer has a 12 month low of $1.25 and a 12 month high of $313.50. The business’s 50 day moving average is $2.83 and its two-hundred day moving average is $6.75.

Cheer (NASDAQ:CHR) last posted its quarterly earnings data on Friday, March 20th. The company reported ($14.14) earnings per share for the quarter, missing the consensus estimate of $345.00 by ($359.14). The firm had revenue of $38.92 million during the quarter, compared to the consensus estimate of $73.00 million.

Institutional Investors Weigh In On Cheer

A hedge fund recently bought a new stake in Cheer stock. Jane Street Group LLC acquired a new stake in Cheer Holding, Inc. (NASDAQ:CHR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned 1.34% of Cheer at the end of the most recent quarter. Hedge funds and other institutional investors own 18.54% of the company’s stock.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.