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

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 29,623 shares, a decrease of 52.3% from the April 30th total of 62,106 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,568 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 company has an average rating of “Sell”.

Hedge Funds Weigh In On Cheetah Mobile

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new stake in Cheetah Mobile in the 4th quarter valued at about $69,000. Nomura Holdings Inc. purchased a new position in Cheetah Mobile during the third quarter worth about $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 during the period. Finally, Jane Street Group LLC lifted its stake in Cheetah Mobile by 852.7% in the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after purchasing an additional 26,978 shares during the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

Cheetah Mobile Trading Down 1.3%

CMCM stock traded down $0.06 during trading on Monday, hitting $4.56. The company had a trading volume of 24,632 shares, compared to its average volume of 21,550. The stock has a market cap of $138.26 million, a PE ratio of -3.65 and a beta of 1.77. The business has a 50-day moving average of $5.48 and a 200-day moving average of $6.22. Cheetah Mobile has a one year low of $3.92 and a one year high of $9.44.

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.