Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 60.2% in September

Key Points

• Short interest in Cheetah Mobile Inc. (NYSE:CMCM) dropped by 60.2% in September, with total short interest falling to 10,700 shares by September 30th.
• The company reported a loss of $0.08 earnings per share (EPS) for the last quarter, with revenue of $41.21 million.
• Cheetah Mobile has a current average rating of "Sell" among analysts, with one upgrade to "hold" and a reiteration of "sell" by other firms.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 10,700 shares, a drop of 60.2% from the September 15th total of 26,900 shares. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 0.2 days.

Cheetah Mobile Price Performance

NYSE CMCM opened at $7.39 on Friday. The stock has a market capitalization of $224.13 million, a PE ratio of -3.38 and a beta of 1.86. Cheetah Mobile has a 1 year low of $3.28 and a 1 year high of $9.44. The business's 50-day moving average is $7.13 and its 200 day moving average is $5.33.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last posted its earnings results on Thursday, September 11th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $41.21 million during the quarter. Cheetah Mobile had a negative return on equity of 13.85% and a negative net margin of 47.30%.

Institutional Trading of Cheetah Mobile

Several large investors have recently modified their holdings of CMCM. XTX Topco Ltd bought a new stake in shares of Cheetah Mobile in the first quarter worth about $60,000. E Fund Management Co. Ltd. bought a new stake in shares of Cheetah Mobile in the first quarter worth about $305,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Cheetah Mobile in the first quarter worth about $305,000. 0.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCM has been the topic of several analyst reports. Wall Street Zen upgraded Cheetah Mobile to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cheetah Mobile in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Cheetah Mobile currently has an average rating of "Sell".

Cheetah Mobile Company Profile

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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