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

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a large decrease in short interest in 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. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 21,989 shares, the short-interest ratio is presently 0.9 days.

Cheetah Mobile Stock Up 5.5%

Cheetah Mobile stock traded up $0.19 during mid-day trading on Tuesday, reaching $3.66. The company had a trading volume of 13,097 shares, compared to its average volume of 22,345. Cheetah Mobile has a 52 week low of $3.37 and a 52 week high of $9.44. The company has a 50 day moving average of $5.04 and a 200-day moving average of $6.02. The firm has a market cap of $110.97 million, a price-to-earnings ratio of -3.13 and a beta of 1.77.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Cheetah Mobile

Several hedge funds have recently made changes to their positions in CMCM. Dimensional Fund Advisors LP bought a new stake in shares of Cheetah Mobile in the fourth quarter valued at about $69,000. Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile in the third quarter valued at about $94,000. Goldman Sachs Group Inc. lifted its stake in shares of Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after buying an additional 3,443 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of 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 buying an additional 26,978 shares during the period. Institutional investors own 0.41% of the company’s stock.

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.