Cheetah Mobile Inc. (NYSE:CMCM) Sees Significant Decrease in Short Interest

Cheetah Mobile Inc. (NYSE:CMCM) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 4,100 shares, a decrease of 87.4% from the December 31st total of 32,600 shares. Based on an average daily volume of 48,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Cheetah Mobile Price Performance

NYSE:CMCM traded down $0.23 on Wednesday, reaching $4.19. The stock had a trading volume of 15,469 shares, compared to its average volume of 29,842. Cheetah Mobile has a 12-month low of $1.99 and a 12-month high of $6.78. The firm’s fifty day moving average is $4.96 and its two-hundred day moving average is $4.31.

Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings results on Tuesday, December 17th. The software maker reported ($0.20) EPS for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th.

About Cheetah Mobile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.