Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Update

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 4,100 shares, a drop of 87.4% from the December 31st total of 32,600 shares. Based on an average daily trading volume, of 48,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Cheetah Mobile Stock Performance

NYSE:CMCM traded down $0.04 on Tuesday, hitting $4.39. The stock had a trading volume of 5,028 shares, compared to its average volume of 30,690. The company has a fifty day moving average price of $4.96 and a two-hundred day moving average price of $4.31. Cheetah Mobile has a 1-year low of $1.99 and a 1-year high of $6.78.

Cheetah Mobile (NYSE:CMCM) last announced its 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.