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

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

Wall Street Analysts Forecast Growth

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

Cheetah Mobile Stock Performance

CMCM stock traded up $0.38 during midday trading on Monday, hitting $4.40. 61,460 shares of the company’s stock were exchanged, compared to its average volume of 40,780. Cheetah Mobile has a one year low of $1.99 and a one year high of $6.78. The stock’s fifty day moving average price is $4.93 and its 200-day moving average price is $4.28.

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