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

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 112,998 shares, a decrease of 18.8% from the December 31st total of 139,177 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average trading volume of 189,758 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 189,758 shares, the short-interest ratio is currently 0.6 days. Approximately 4.1% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of brokerages recently commented on CHR. Wall Street Zen upgraded Cheer to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings restated a “sell (d)” rating on shares of Cheer in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Cheer Stock Down 5.3%

Shares of CHR traded down $0.07 during trading hours on Monday, hitting $1.26. The stock had a trading volume of 136,457 shares, compared to its average volume of 155,035. The company’s fifty day moving average is $1.73 and its two-hundred day moving average is $24.74. Cheer has a 52 week low of $1.22 and a 52 week high of $141.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cheer stock. Shah Capital Management grew its stake in Cheer Holding, Inc. (NASDAQ:CHR) by 23.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,110,000 shares of the company’s stock after acquiring an additional 404,950 shares during the period. Cheer accounts for about 0.6% of Shah Capital Management’s investment portfolio, making the stock its 13th biggest position. Shah Capital Management owned approximately 18.13% of Cheer worth $3,081,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.