Cheetah Mobile Inc. (NYSE:CMCM) Sees Large Growth in Short Interest

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 63,978 shares, a growth of 18.6% from the March 31st total of 53,953 shares. Based on an average daily volume of 16,396 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.3% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Cheetah Mobile

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Cheetah Mobile during the 4th quarter worth approximately $69,000. Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile during the 3rd quarter worth approximately $94,000. Goldman Sachs Group Inc. raised its stake 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, Jane Street Group LLC raised its stake in shares of Cheetah Mobile by 852.7% during the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after purchasing an additional 26,978 shares in the last quarter. Institutional investors own 0.41% of the company’s stock.

Cheetah Mobile Price Performance

NYSE:CMCM traded up $0.01 during trading hours on Friday, reaching $5.45. 6,993 shares of the stock were exchanged, compared to its average volume of 12,340. Cheetah Mobile has a twelve month low of $3.65 and a twelve month high of $9.44. The firm has a 50 day moving average of $6.17 and a 200 day moving average of $6.58. The stock has a market cap of $165.10 million, a PE ratio of -4.36 and a beta of 1.95.

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.