Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Update

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 139,177 shares, a decrease of 97.5% from the December 15th total of 5,570,447 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily volume of 432,710 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 432,710 shares, the short-interest ratio is presently 0.3 days. Currently, 5.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheer stock. Shah Capital Management increased its holdings in Cheer Holding, Inc. (NASDAQ:CHR) by 23.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,110,000 shares of the company’s stock after purchasing an additional 404,950 shares during the period. Cheer makes up about 0.6% of Shah Capital Management’s investment portfolio, making the stock its 13th largest position. Shah Capital Management owned about 18.13% of Cheer worth $3,081,000 at the end of the most recent quarter. 18.54% of the stock is currently owned by hedge funds and other institutional investors.

Cheer Trading Up 1.1%

Shares of CHR stock traded up $0.02 during trading hours on Tuesday, hitting $1.82. The stock had a trading volume of 73,119 shares, compared to its average volume of 185,304. Cheer has a one year low of $1.22 and a one year high of $141.71. The stock’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $32.12.

Wall Street Analysts Forecast Growth

CHR has been the subject of several recent analyst reports. Wall Street Zen raised shares of Cheer to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cheer in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.