Cheetah Mobile Inc. (CMCM) Short Interest Update
Cheetah Mobile Inc. (NYSE:CMCM) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 6,328,132 shares, a decrease of 21.4% from the August 31st total of 8,047,335 shares. Based on an average trading volume of 896,195 shares, the short-interest ratio is currently 7.1 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCM. Pacad Investment Ltd. purchased a new position in shares of Cheetah Mobile during the first quarter valued at about $235,000. BlackRock Fund Advisors raised its position in shares of Cheetah Mobile by 0.8% in the first quarter. BlackRock Fund Advisors now owns 39,689 shares of the company’s stock valued at $648,000 after buying an additional 310 shares in the last quarter. Greenwoods Asset Management Ltd raised its position in shares of Cheetah Mobile by 58.0% in the first quarter. Greenwoods Asset Management Ltd now owns 2,287,390 shares of the company’s stock valued at $37,353,000 after buying an additional 840,000 shares in the last quarter. State Street Corp raised its position in shares of Cheetah Mobile by 146.4% in the first quarter. State Street Corp now owns 140,141 shares of the company’s stock valued at $2,288,000 after buying an additional 83,261 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Cheetah Mobile by 2.4% in the first quarter. UBS Asset Management Americas Inc. now owns 665,000 shares of the company’s stock valued at $10,859,000 after buying an additional 15,800 shares in the last quarter. 9.16% of the stock is owned by institutional investors and hedge funds.
Shares of Cheetah Mobile (NYSE:CMCM) opened at 13.43 on Thursday. The company has a 50-day moving average price of $12.54 and a 200-day moving average price of $12.62. The company’s market cap is $1.87 billion. Cheetah Mobile has a 1-year low of $8.77 and a 1-year high of $21.37.
Cheetah Mobile Company Profile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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