Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 38.4% in July

Key Points

• Cheetah Mobile Inc. experienced a 38.4% decrease in short interest in July, with total short shares dropping from 19,800 to 12,200 as of July 31st.
• Despite a recent trading increase of 4.3%, Wall Street analysts downgraded Cheetah Mobile from a "buy" to a "hold" rating, indicating concern about its growth potential.
• Institutional investors hold 0.41% of Cheetah Mobile's stock, with recent acquisitions from hedge funds including stakes valued at $60,000 and $305,000.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 12,200 shares, adecreaseof38.4% from the July 15th total of 19,800 shares. Currently,0.1% of the company's stock are short sold. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 34,800 shares, the short-interest ratio is currently 0.4 days. Currently,0.1% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Cheetah Mobile from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

Institutional Trading of Cheetah Mobile

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Cheetah Mobile during the 1st quarter valued at $60,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Cheetah Mobile during the 1st quarter valued at $305,000. Finally, E Fund Management Co. Ltd. acquired a new stake in Cheetah Mobile during the 1st quarter valued at $305,000. Institutional investors own 0.41% of the company's stock.

Cheetah Mobile Trading Up 4.3%

NYSE:CMCM traded up $0.23 during mid-day trading on Tuesday, hitting $5.58. 58,736 shares of the company's stock traded hands, compared to its average volume of 34,321. The firm has a 50 day moving average of $4.92 and a two-hundred day moving average of $4.63. Cheetah Mobile has a 12 month low of $3.28 and a 12 month high of $6.77. The firm has a market capitalization of $169.19 million, a price-to-earnings ratio of -2.11 and a beta of 1.59.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last announced its quarterly earnings data on Thursday, June 19th. The software maker reported ($0.14) EPS for the quarter. Cheetah Mobile had a negative return on equity of 17.83% and a negative net margin of 64.75%.The firm had revenue of $35.69 million during the quarter.

About Cheetah Mobile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.

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