Cheer Holding, Inc. (NASDAQ:CHR) Sees Significant Growth in Short Interest

Cheer Holding, Inc. (NASDAQ:CHR) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 198,082 shares, an increase of 72.3% from the January 29th total of 114,990 shares. Based on an average trading volume of 127,952 shares, the days-to-cover ratio is presently 1.5 days. Currently, 7.3% of the shares of the stock are short sold. Currently, 7.3% of the shares of the stock are short sold. Based on an average trading volume of 127,952 shares, the days-to-cover ratio is presently 1.5 days.

Cheer Stock Performance

NASDAQ:CHR traded down $0.02 during mid-day trading on Monday, hitting $1.25. 38,901 shares of the company’s stock traded hands, compared to its average volume of 126,778. The firm’s 50 day simple moving average is $1.44 and its 200 day simple moving average is $13.28. Cheer has a 1 year low of $1.15 and a 1 year high of $104.50.

Institutional Investors Weigh In On Cheer

A hedge fund recently bought a new stake in Cheer stock. Jane Street Group LLC purchased a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer at the end of the most recent reporting period. 18.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Cheer in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Cheer to a “hold” rating in a research report on Saturday, December 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheer has an average rating of “Sell”.

Cheer Company Profile

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.