Short Interest in Cheer Holding, Inc. (NASDAQ:CHR) Expands By 41.9%

Cheer Holding, Inc. (NASDAQ:CHR) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 22,700 shares, an increase of 41.9% from the July 15th total of 16,000 shares. Based on an average daily volume of 11,700 shares, the short-interest ratio is presently 1.9 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Trading of Cheer

A hedge fund recently raised its stake in Cheer stock. Shah Capital Management lifted its holdings in Cheer Holding, Inc. (NASDAQ:CHR) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,265,558 shares of the company’s stock after acquiring an additional 8,867 shares during the period. Cheer makes up approximately 0.9% of Shah Capital Management’s portfolio, making the stock its 12th biggest position. Shah Capital Management owned approximately 12.57% of Cheer worth $3,164,000 at the end of the most recent quarter. 18.54% of the stock is owned by hedge funds and other institutional investors.

Cheer Trading Down 0.8 %

Shares of NASDAQ CHR traded down $0.02 during trading on Thursday, reaching $2.63. The company had a trading volume of 15,251 shares, compared to its average volume of 15,652. Cheer has a 12 month low of $2.18 and a 12 month high of $6.75. The company’s fifty day moving average price is $2.62 and its 200-day moving average price is $2.63.

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.