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

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 10,300 shares, a decline of 44.3% from the February 13th total of 18,500 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 50,900 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, StockNews.com raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Friday.

Cheetah Mobile Stock Performance

Cheetah Mobile stock traded up $0.11 during midday trading on Friday, hitting $5.02. 29,742 shares of the company were exchanged, compared to its average volume of 44,525. The company’s fifty day moving average price is $4.97 and its 200-day moving average price is $4.68. Cheetah Mobile has a fifty-two week low of $2.25 and a fifty-two week high of $6.78.

Cheetah Mobile (NYSE:CMCM) last released its quarterly earnings results on Tuesday, December 17th. The software maker reported ($0.20) EPS 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.