Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 34.3% in May

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 19,473 shares, a drop of 34.3% from the May 14th total of 29,623 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 21,989 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Cheetah Mobile

A number of institutional investors have recently modified their holdings of CMCM. Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile in the third quarter valued at approximately $94,000. Goldman Sachs Group Inc. raised its position in shares of Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,443 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Cheetah Mobile in the fourth quarter valued at approximately $69,000. Finally, Jane Street Group LLC raised its position in shares of Cheetah Mobile by 852.7% in the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after purchasing an additional 26,978 shares during the period. Institutional investors own 0.41% of the company’s stock.

Cheetah Mobile Stock Performance

Shares of CMCM opened at $3.56 on Thursday. The firm has a market cap of $108.03 million, a PE ratio of -3.05 and a beta of 1.77. The firm’s 50 day moving average price is $4.95 and its 200 day moving average price is $5.96. Cheetah Mobile has a twelve month low of $3.32 and a twelve month high of $9.44.

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.