Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Down 44.3% in August

Key Points

• Cheetah Mobile Inc. experienced a significant decrease in short interest, down 44.3% from 12,200 shares to 6,800 shares in August.
• As of now, only 0.1% of Cheetah Mobile's shares are short sold, with a short-interest ratio of 0.2 days based on an average daily volume of 37,600 shares.
• Institutional investors now own 0.41% of Cheetah Mobile stock, with notable acquisitions including $60,000 from XTX Topco Ltd and $305,000 each from E Fund Management Co. Ltd. and E Fund Management Hong Kong Co. Ltd.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totaling 6,800 shares, adeclineof44.3% from the July 31st total of 12,200 shares. Based on an average daily volume of 37,600 shares, the short-interest ratio is currently 0.2 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average daily volume of 37,600 shares, the short-interest ratio is currently 0.2 days.

Cheetah Mobile Price Performance

CMCM traded up $0.93 on Monday, reaching $7.33. 235,037 shares of the company traded hands, compared to its average volume of 35,292. The company has a market cap of $222.09 million, a price-to-earnings ratio of -2.76 and a beta of 1.75. The stock's 50 day moving average price is $5.39 and its 200-day moving average price is $4.68. Cheetah Mobile has a 52-week low of $3.28 and a 52-week high of $7.45.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last posted its earnings results on Thursday, June 19th. The software maker reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $35.69 million during the quarter. Cheetah Mobile had a negative net margin of 64.75% and a negative return on equity of 17.83%.

Institutional Trading of Cheetah Mobile

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in Cheetah Mobile in the first quarter valued at approximately $60,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Cheetah Mobile in the first quarter valued at approximately $305,000. Finally, E Fund Management Co. Ltd. acquired a new stake 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.

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.