Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Increases By 110.3%

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 20,400 shares, an increase of 110.3% from the March 31st total of 9,700 shares. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company's stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cheetah Mobile from a "hold" rating to a "buy" rating in a research note on Sunday, March 30th.

Cheetah Mobile Stock Performance

Shares of NYSE:CMCM traded up $0.18 during midday trading on Friday, reaching $3.89. 8,506 shares of the company's stock traded hands, compared to its average volume of 47,355. Cheetah Mobile has a one year low of $3.02 and a one year high of $6.78. The company has a market cap of $117.93 million, a price-to-earnings ratio of -1.36 and a beta of 1.75. The stock has a 50 day moving average of $4.34 and a 200 day moving average of $4.68.

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

Institutional Investors Weigh In On Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Cheetah Mobile Inc. (NYSE:CMCM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 71,363 shares of the software maker's stock, valued at approximately $305,000. E Fund Management Hong Kong Co. Ltd. owned about 0.24% of Cheetah Mobile as of its most recent filing with the Securities and Exchange Commission (SEC). 0.41% of the stock is owned by hedge funds and other 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.