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

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 2,500 shares, a decline of 79.2% from the April 30th total of 12,000 shares. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Institutional Trading of Cheetah Mobile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Cheetah Mobile during the 1st quarter worth about $60,000. E Fund Management Co. Ltd. acquired a new position in shares of Cheetah Mobile during the 1st quarter worth about $305,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Cheetah Mobile during the 1st quarter worth about $305,000. 0.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Cheetah Mobile Trading Down 0.5%

CMCM stock traded down $0.03 during midday trading on Monday, hitting $4.55. The stock had a trading volume of 41,908 shares, compared to its average volume of 41,224. Cheetah Mobile has a 52 week low of $3.02 and a 52 week high of $6.78. The stock has a 50-day simple moving average of $3.94 and a 200 day simple moving average of $4.65. The firm has a market capitalization of $137.79 million, a price-to-earnings ratio of -1.59 and a beta of 1.75.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The software maker reported ($0.95) earnings per share (EPS) for the quarter. The business had revenue of $32.48 million during the quarter.

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.