Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Update

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 25,544 shares, an increase of 49.2% from the July 15th total of 17,116 shares. Based on an average trading volume of 5,533 shares, the days-to-cover ratio is presently 4.6 days. Currently, 0.1% of the shares of the company are sold short.

Cheetah Mobile Price Performance

Shares of NYSE:CMCM opened at $3.03 on Thursday. Cheetah Mobile has a 1 year low of $2.65 and a 1 year high of $9.44. The company’s 50 day simple moving average is $3.15 and its 200 day simple moving average is $4.82. The stock has a market capitalization of $91.87 million, a price-to-earnings ratio of -2.59 and a beta of 1.84.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in Cheetah Mobile in the 4th quarter valued at approximately $69,000. Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile in the third quarter valued at $94,000. Goldman Sachs Group Inc. grew its holdings in Cheetah Mobile by 17.5% during the fourth 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 in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of 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 last quarter. 0.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cheetah Mobile in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.