Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Decreases By 34.3%

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 19,473 shares, a decrease of 34.3% from the May 14th total of 29,623 shares. Based on an average daily trading volume, of 21,989 shares, the short-interest ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are short sold.

Cheetah Mobile Stock Performance

CMCM traded up $0.20 during midday trading on Wednesday, reaching $3.61. 4,162 shares of the company were exchanged, compared to its average volume of 22,713. The stock has a market capitalization of $109.53 million, a P/E ratio of -3.06 and a beta of 1.77. Cheetah Mobile has a one year low of $3.32 and a one year high of $9.44. The stock’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $5.99.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Cheetah Mobile

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its position 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 worth $181,000 after purchasing an additional 26,978 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Cheetah Mobile in the fourth quarter valued at about $69,000. Goldman Sachs Group Inc. lifted its holdings in shares of Cheetah Mobile by 17.5% during the 4th 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 in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile during the 3rd quarter valued at about $94,000. 0.41% of the stock is currently owned by institutional investors and hedge funds.

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.