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

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,600 shares, a decline of 29.0% from the September 30th total of 10,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 57,700 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 57,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. XTX Topco Ltd purchased a new position in Cheetah Mobile Inc. (NYSE:CMCM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,000 shares of the software maker’s stock, valued at approximately $60,000. 0.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cheetah Mobile to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Cheetah Mobile Price Performance

Cheetah Mobile stock remained flat at $7.44 during mid-day trading on Monday. 9,571 shares of the company were exchanged, compared to its average volume of 43,114. The firm has a market cap of $225.55 million, a P/E ratio of -3.40 and a beta of 1.86. The company’s 50 day moving average price is $7.62 and its 200-day moving average price is $5.65. Cheetah Mobile has a 52 week low of $3.28 and a 52 week high of $9.44.

Cheetah Mobile (NYSE:CMCM) last announced its quarterly earnings results on Thursday, September 11th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $41.21 million during the quarter. Cheetah Mobile had a negative return on equity of 13.85% and a negative net margin of 47.30%.

About Cheetah Mobile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.