Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 64,200 shares, an increase of 140.4% from the March 31st total of 26,700 shares. Approximately 0.7% of the company's stock are sold short. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is presently 1.2 days.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Cheetah Mobile in a report on Wednesday. They set a "hold" rating on the stock.
Check Out Our Latest Research Report on Cheetah Mobile
Cheetah Mobile Price Performance
Cheetah Mobile stock traded down $0.03 during midday trading on Friday, hitting $4.26. 27,248 shares of the company's stock were exchanged, compared to its average volume of 45,082. The stock has a 50-day moving average price of $2.95 and a two-hundred day moving average price of $2.35. Cheetah Mobile has a 52-week low of $1.64 and a 52-week high of $5.20.
Cheetah Mobile Company Profile
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Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.
See Also
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