Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Update

Cheer Holding, Inc. (NASDAQ:CHR) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 16,900 shares, a drop of 25.6% from the September 30th total of 22,700 shares. Based on an average daily trading volume, of 12,900 shares, the short-interest ratio is currently 1.3 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheer stock. Shah Capital Management raised its position in Cheer Holding, Inc. (NASDAQ:CHR) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,302,400 shares of the company’s stock after buying an additional 36,842 shares during the period. Cheer comprises 0.7% of Shah Capital Management’s investment portfolio, making the stock its 14th biggest position. Shah Capital Management owned approximately 12.95% of Cheer worth $3,321,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 18.54% of the company’s stock.

Cheer Stock Performance

Shares of CHR stock traded down $0.06 on Tuesday, hitting $2.88. The company had a trading volume of 4,225 shares, compared to its average volume of 14,475. Cheer has a twelve month low of $2.18 and a twelve month high of $4.30. The company has a 50-day moving average price of $2.68 and a 200-day moving average price of $2.67.

Cheer Company Profile

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses.