Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Up 207.8% in December

Cheer Holding, Inc. (NASDAQ:CHR) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 75,100 shares, a growth of 207.8% from the November 30th total of 24,400 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 90,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Cheer

An institutional investor recently raised its position in Cheer stock. Shah Capital Management raised its holdings in Cheer Holding, Inc. (NASDAQ:CHR) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,302,400 shares of the company’s stock after acquiring an additional 36,842 shares during the quarter. Cheer makes up about 0.7% of Shah Capital Management’s portfolio, making the stock its 14th largest holding. Shah Capital Management owned about 12.95% of Cheer worth $3,321,000 at the end of the most recent quarter. Institutional investors own 18.54% of the company’s stock.

Cheer Stock Down 3.7 %

Shares of CHR stock traded down $0.10 on Friday, hitting $2.58. 20,382 shares of the stock were exchanged, compared to its average volume of 34,233. Cheer has a fifty-two week low of $2.18 and a fifty-two week high of $3.90. The business has a 50-day moving average of $2.74 and a 200 day moving average of $2.66.

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.