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

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 19,473 shares, a decrease of 34.3% from the May 14th total of 29,623 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,989 shares, the days-to-cover ratio is currently 0.9 days.

Cheetah Mobile Trading Up 5.5%

Cheetah Mobile stock traded up $0.19 during mid-day trading on Tuesday, hitting $3.66. 13,097 shares of the company’s stock were exchanged, compared to its average volume of 22,345. The stock has a market cap of $110.97 million, a P/E ratio of -3.13 and a beta of 1.77. Cheetah Mobile has a 1-year low of $3.37 and a 1-year high of $9.44. The stock has a 50 day moving average of $5.04 and a two-hundred day moving average of $6.02.

Institutional Trading of Cheetah Mobile

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in shares of Cheetah Mobile during the 4th quarter worth $69,000. Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile during the 3rd quarter worth $94,000. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 3,443 shares during the period. Finally, Jane Street Group LLC boosted its holdings 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 buying an additional 26,978 shares during the period. 0.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

About Cheetah Mobile

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.