Cheetah Mobile Inc. (NYSE:CMCM) Sees Significant Increase in Short Interest

Key Points

• Cheetah Mobile Inc. experienced a significant increase in short interest in August, with 22,100 shares short sold, representing a 225% rise from the previous total.
• The company reported a quarterly earnings loss of ($0.08) EPS and recorded a negative net margin of 64.75% on revenues of $41.21 million.
• Cheetah Mobile's stock price fluctuated to $8.43 recently, and the company has a market capitalization of approximately $255.63 million.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 22,100 shares, an increase of 225.0% from the August 15th total of 6,800 shares. Based on an average daily volume of 44,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company's stock are short sold. Approximately 0.2% of the company's stock are short sold. Based on an average daily volume of 44,600 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Cheetah Mobile to a "hold" rating in a report on Saturday.

Hedge Funds Weigh In On Cheetah Mobile

Large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Cheetah Mobile in the first quarter valued at approximately $60,000. E Fund Management Co. Ltd. acquired a new position in Cheetah Mobile in the first quarter valued at approximately $305,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Cheetah Mobile in the first quarter valued at approximately $305,000. 0.41% of the stock is currently owned by institutional investors and hedge funds.

Cheetah Mobile Price Performance

Shares of CMCM stock traded down $0.01 during trading hours on Wednesday, reaching $8.60. 46,047 shares of the company were exchanged, compared to its average volume of 42,329. Cheetah Mobile has a fifty-two week low of $3.28 and a fifty-two week high of $9.39. The stock's fifty day moving average is $5.79 and its two-hundred day moving average is $4.79. The company has a market cap of $260.60 million, a price-to-earnings ratio of -3.92 and a beta of 1.75.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last announced its earnings results on Thursday, September 11th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. Cheetah Mobile had a negative return on equity of 13.85% and a negative net margin of 47.30%.The company had revenue of $41.21 million for 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.