Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 20,400 shares, a growth of 716.0% from the May 15th total of 2,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,700 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Trading of Cheetah Mobile
Several institutional investors have recently added to or reduced their stakes in CMCM. XTX Topco Ltd bought a new position in shares of Cheetah Mobile during the first quarter valued at approximately $60,000. E Fund Management Co. Ltd. purchased a new position in Cheetah Mobile during the 1st quarter valued at $305,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Cheetah Mobile in the 1st quarter valued at $305,000. Institutional investors own 0.41% of the company's stock.
Cheetah Mobile Price Performance
Shares of Cheetah Mobile stock traded down $0.07 on Thursday, reaching $4.03. The company had a trading volume of 6,161 shares, compared to its average volume of 38,668. The firm has a market cap of $122.17 million, a price-to-earnings ratio of -1.41 and a beta of 1.73. The firm's 50-day moving average price is $3.93 and its two-hundred day moving average price is $4.64. Cheetah Mobile has a 1 year low of $3.02 and a 1 year high of $6.77.
Cheetah Mobile (NYSE:CMCM - Get Free Report) last released its 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.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Cheetah Mobile from a "buy" rating to a "hold" rating in a research report on Monday, May 5th.
Check Out Our Latest Report on CMCM
About Cheetah Mobile
(
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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.
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