Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 140.4% in April

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 64,200 shares, an increase of 140.4% from the March 31st total of 26,700 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 52,900 shares, the short-interest ratio is currently 1.2 days.

Cheetah Mobile Stock Down 0.7 %

Cheetah Mobile stock opened at $4.26 on Friday. Cheetah Mobile has a one year low of $1.64 and a one year high of $5.20. The business’s fifty day moving average is $2.99 and its 200 day moving average is $2.37.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Cheetah Mobile in a research note on Wednesday. They issued a “hold” rating on the stock.

About Cheetah Mobile

Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.