Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 110.3% in April

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 20,400 shares, an increase of 110.3% from the March 31st total of 9,700 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cheetah Mobile from a "hold" rating to a "buy" rating in a research note on Sunday, March 30th.

Get Our Latest Stock Report on CMCM

Institutional Trading of Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Cheetah Mobile Inc. (NYSE:CMCM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 71,363 shares of the software maker's stock, valued at approximately $305,000. E Fund Management Hong Kong Co. Ltd. owned about 0.24% of Cheetah Mobile as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.41% of the company's stock.

Cheetah Mobile Stock Performance

Shares of Cheetah Mobile stock traded down $0.22 during trading on Monday, hitting $3.72. The company's stock had a trading volume of 16,527 shares, compared to its average volume of 47,535. The company has a fifty day simple moving average of $4.54 and a two-hundred day simple moving average of $4.71. The company has a market capitalization of $111.02 million, a PE ratio of -1.30 and a beta of 1.55. Cheetah Mobile has a 52 week low of $3.02 and a 52 week high of $6.78.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The software maker reported ($0.95) earnings per share (EPS) for the quarter. The company had revenue of $32.48 million for the quarter.

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.

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