Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Increases By 87.0%

Cheetah Mobile Inc. (NYSE:CMCM) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 17,200 shares, a growth of 87.0% from the September 15th total of 9,200 shares. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Cheetah Mobile Trading Up 5.4 %

Shares of CMCM opened at $4.65 on Monday. The stock has a 50-day moving average price of $3.86 and a 200-day moving average price of $4.18. Cheetah Mobile has a 12-month low of $1.64 and a 12-month high of $6.78.

Cheetah Mobile (NYSE:CMCM) last issued its quarterly earnings results on Friday, September 13th. The software maker reported ($0.55) earnings per share (EPS) for the quarter. The firm had revenue of $25.79 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Cheetah Mobile in a research note on Tuesday, October 8th. They set a “hold” rating for the company.

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.