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

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 40,840 shares, an increase of 22.9% from the January 29th total of 33,217 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 19,659 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 19,659 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Cheetah Mobile

Several hedge funds and other institutional investors have recently bought and sold shares of CMCM. Jane Street Group LLC boosted its stake in shares of Cheetah Mobile by 852.7% during 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 period. Dimensional Fund Advisors LP purchased a new stake in Cheetah Mobile in the fourth quarter worth about $69,000. Goldman Sachs Group Inc. grew its stake in shares of Cheetah Mobile by 17.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock worth $139,000 after buying an additional 3,443 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile during the third quarter valued at $94,000. Hedge funds and other institutional investors own 0.41% of the company’s stock.

Cheetah Mobile Trading Up 12.5%

NYSE CMCM traded up $0.77 during trading hours on Wednesday, hitting $6.95. The company’s stock had a trading volume of 29,862 shares, compared to its average volume of 12,841. The company’s 50-day simple moving average is $6.32 and its two-hundred day simple moving average is $6.91. Cheetah Mobile has a 52 week low of $3.28 and a 52 week high of $9.44. The company has a market capitalization of $210.72 million, a PE ratio of -3.44 and a beta of 1.88.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.