Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Update

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) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 12,200 shares, adropof38.4% from the July 15th total of 19,800 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.1% of the shares of the company are sold short. Approximately0.1% of the shares of the company are sold short. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Cheetah Mobile from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Cheetah Mobile Price Performance

NYSE:CMCM traded up $0.23 during mid-day trading on Friday, reaching $5.83. The stock had a trading volume of 50,662 shares, compared to its average volume of 32,781. The stock has a 50-day simple moving average of $5.01 and a two-hundred day simple moving average of $4.65. The stock has a market capitalization of $176.77 million, a PE ratio of -2.20 and a beta of 1.59. Cheetah Mobile has a 12 month low of $3.28 and a 12 month high of $6.77.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Cheetah Mobile in the first quarter valued at approximately $60,000. E Fund Management Co. Ltd. acquired a new stake in Cheetah Mobile in the first quarter valued at approximately $305,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Cheetah Mobile in the first quarter valued at approximately $305,000. 0.41% of the stock is owned by institutional investors.

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.