Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 29.1% in March

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 30,025 shares, a drop of 29.1% from the February 26th total of 42,348 shares. Based on an average daily volume of 48,487 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

Cheetah Mobile Stock Performance

CMCM stock traded down $0.16 during mid-day trading on Friday, hitting $5.94. The stock had a trading volume of 39,731 shares, compared to its average volume of 44,712. Cheetah Mobile has a 1-year low of $3.28 and a 1-year high of $9.44. The company has a fifty day moving average of $6.50 and a 200 day moving average of $7.03.

Institutional Trading of Cheetah Mobile

A number of institutional investors have recently added to or reduced their stakes in CMCM. Dimensional Fund Advisors LP acquired a new position in shares of Cheetah Mobile during the 4th quarter worth $69,000. Nomura Holdings Inc. acquired a new stake in shares of Cheetah Mobile in the 3rd quarter valued at $94,000. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 3,443 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Cheetah Mobile by 852.7% during 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 during the last quarter. 0.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Cheetah Mobile Company Profile

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.