Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,500 shares, a drop of 79.2% from the April 30th total of 12,000 shares. Based on an average daily trading volume, of 31,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Cheetah Mobile from a "buy" rating to a "hold" rating in a report on Monday, May 5th.
Check Out Our Latest Research Report on Cheetah Mobile
Cheetah Mobile Stock Performance
CMCM traded up $0.03 during midday trading on Friday, reaching $4.56. 19,541 shares of the company were exchanged, compared to its average volume of 41,221. Cheetah Mobile has a one year low of $3.02 and a one year high of $6.78. The stock has a market capitalization of $138.09 million, a P/E ratio of -1.59 and a beta of 1.75. The stock's 50-day simple moving average is $3.94 and its 200 day simple moving average is $4.65.
Cheetah Mobile (NYSE:CMCM - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The software maker reported ($0.95) earnings per share for the quarter. The firm had revenue of $32.48 million during the quarter.
Hedge Funds Weigh In On Cheetah Mobile
Several institutional investors have recently modified their holdings of CMCM. XTX Topco Ltd bought a new position in shares of Cheetah Mobile during the 1st quarter valued at about $60,000. E Fund Management Co. Ltd. bought a new position in shares of Cheetah Mobile during the 1st quarter valued at about $305,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Cheetah Mobile during the 1st quarter valued at about $305,000. Institutional investors own 0.41% of the company's stock.
Cheetah Mobile Company Profile
(
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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.
Further Reading
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