Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 716.0% in May

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target 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. Based on an average daily volume of 27,700 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Cheetah Mobile

Several large investors have recently made changes to their positions in CMCM. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Cheetah Mobile in the 1st quarter valued at $305,000. XTX Topco Ltd purchased a new stake in shares of Cheetah Mobile in the 1st quarter valued at $60,000. Finally, E Fund Management Co. Ltd. purchased a new stake in shares of Cheetah Mobile in the 1st quarter valued at $305,000. 0.41% of the stock is owned by hedge funds and other institutional investors.

Cheetah Mobile Price Performance

Cheetah Mobile stock traded up $0.04 during mid-day trading on Friday, reaching $4.07. 4,741 shares of the company traded hands, compared to its average volume of 38,349. Cheetah Mobile has a fifty-two week low of $3.02 and a fifty-two week high of $6.77. The company has a market capitalization of $123.36 million, a price-to-earnings ratio of -1.42 and a beta of 1.73. The firm's fifty day moving average is $3.95 and its two-hundred day moving average is $4.62.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last issued its quarterly earnings results 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 for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Cheetah Mobile from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

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.