Cheer Holding, Inc. (NASDAQ:CHR) Sees Significant Decrease in Short Interest

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 167,128 shares, a drop of 15.6% from the February 12th total of 198,082 shares. Based on an average daily trading volume, of 64,151 shares, the short-interest ratio is currently 2.6 days. Approximately 6.1% of the company’s shares are short sold. Approximately 6.1% of the company’s shares are short sold. Based on an average daily trading volume, of 64,151 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On Cheer

An institutional investor recently bought a new position in Cheer stock. Jane Street Group LLC bought a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned 1.34% of Cheer as of its most recent filing with the SEC. Institutional investors own 18.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Cheer to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Cheer in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Cheer Trading Up 1.0%

Shares of Cheer stock opened at $0.99 on Wednesday. The business’s fifty day moving average price is $1.36 and its 200 day moving average price is $8.53. Cheer has a twelve month low of $0.95 and a twelve month high of $104.50.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.