Cheetah Mobile Inc. (NYSE:CMCM) Sees Large Increase in Short Interest

Key Points

• Short interest increased 49.2% from July 15 to July 31, reaching 25,544 shares, equivalent to 0.1% of shares outstanding and 4.6 days of average trading volume.
• CMCM shares fell to $3.03, near the lower end of their 12-month range of $2.65 to $9.44. The company has a market capitalization of approximately $91.75 million and negative earnings.
• Analyst sentiment remains bearish: Weiss Ratings reaffirmed a “sell (D-)” rating, and the stock’s overall average rating is “Sell.” Institutional ownership remains limited at 0.41%.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 25,544 shares, a growth of 49.2% from the July 15th total of 17,116 shares. Based on an average daily volume of 5,533 shares, the short-interest ratio is currently 4.6 days. Currently, 0.1% of the shares of the company are short sold.

Cheetah Mobile Price Performance

CMCM stock traded down $0.12 on Tuesday, reaching $3.03. 899 shares of the company were exchanged, compared to its average volume of 19,850. The firm has a market capitalization of $91.75 million, a PE ratio of -2.59 and a beta of 1.84. Cheetah Mobile has a 12 month low of $2.65 and a 12 month high of $9.44. The stock's fifty day moving average price is $3.19 and its 200 day moving average price is $4.87.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Cheetah Mobile in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CMCM. Dimensional Fund Advisors LP acquired a new stake in Cheetah Mobile during the fourth quarter worth about $69,000. Nomura Holdings Inc. bought a new position in Cheetah Mobile during the third quarter valued at about $94,000. Goldman Sachs Group Inc. raised its holdings in Cheetah Mobile by 17.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker's stock valued at $139,000 after acquiring an additional 3,443 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Cheetah Mobile by 852.7% in the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker's stock valued at $181,000 after acquiring an additional 26,978 shares in the last quarter. Institutional investors and hedge funds own 0.41% of the company's stock.

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.

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