Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Declines By 52.3%

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 29,623 shares, a decrease of 52.3% from the April 30th total of 62,106 shares. Based on an average daily trading volume, of 14,568 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Cheetah Mobile

A number of institutional investors have recently bought and sold shares of CMCM. Jane Street Group LLC raised its stake in Cheetah Mobile by 852.7% in the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after buying an additional 26,978 shares in the last quarter. Nomura Holdings Inc. bought a new position in Cheetah Mobile in the third quarter worth about $94,000. Dimensional Fund Advisors LP bought a new position in Cheetah Mobile in the fourth quarter worth about $69,000. Finally, Goldman Sachs Group Inc. raised its stake in Cheetah Mobile by 17.5% in 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. 0.41% of the stock is owned by institutional investors.

Cheetah Mobile Trading Down 3.6%

Cheetah Mobile stock opened at $4.40 on Wednesday. The firm has a 50-day moving average of $5.48 and a 200-day moving average of $6.22. The firm has a market cap of $133.26 million, a P/E ratio of -3.52 and a beta of 1.77. Cheetah Mobile has a 1-year low of $3.92 and a 1-year high of $9.44.

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.