Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 46.2% in June

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 13,432 shares, a drop of 46.2% from the June 15th total of 24,947 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,150 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Cheetah Mobile currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMCM. Dimensional Fund Advisors LP purchased a new position in Cheetah Mobile in the fourth quarter worth approximately $69,000. Nomura Holdings Inc. acquired a new stake in Cheetah Mobile during the third quarter worth $94,000. Goldman Sachs Group Inc. raised its position in 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 purchasing an additional 3,443 shares during the period. Finally, Jane Street Group LLC raised its position in 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 purchasing an additional 26,978 shares during the period. 0.41% of the stock is currently owned by institutional investors and hedge funds.

Cheetah Mobile Trading Down 0.8%

Cheetah Mobile stock opened at $3.04 on Wednesday. The company has a 50-day moving average price of $4.05 and a 200 day moving average price of $5.48. Cheetah Mobile has a 12-month low of $2.65 and a 12-month high of $9.44. The stock has a market cap of $92.32 million, a P/E ratio of -2.60 and a beta of 1.82.

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.