Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 34.9% in December

Cheetah Mobile Inc. (NYSE:CMCM) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 44,851 shares, an increase of 34.9% from the December 15th total of 33,245 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 23,222 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 23,222 shares, the short-interest ratio is currently 1.9 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Cheetah Mobile Stock Down 0.1%

NYSE:CMCM traded down $0.01 during trading hours on Friday, hitting $6.94. 5,973 shares of the stock traded hands, compared to its average volume of 11,871. The stock has a 50 day moving average price of $6.77 and a 200 day moving average price of $6.65. The company has a market cap of $210.42 million, a price-to-earnings ratio of -3.44 and a beta of 1.89. Cheetah Mobile has a 1 year low of $3.28 and a 1 year high of $9.44.

Institutional Investors Weigh In On Cheetah Mobile

An institutional investor recently bought a new position in Cheetah Mobile stock. Nomura Holdings Inc. bought a new stake in shares of Cheetah Mobile Inc. (NYSE:CMCM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,680 shares of the software maker’s stock, valued at approximately $94,000. 0.41% of the stock is owned by institutional investors.

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.