Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Expands By 249.1%

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 18,500 shares, an increase of 249.1% from the January 31st total of 5,300 shares. Based on an average daily volume of 54,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Cheetah Mobile Price Performance

Shares of CMCM opened at $5.29 on Friday. The company’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $4.58. Cheetah Mobile has a twelve month low of $2.25 and a twelve month high of $6.78.

Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings data on Tuesday, December 17th. The software maker reported ($0.20) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th.

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.