Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Drops By 87.4%

Cheetah Mobile Inc. (NYSE:CMCM) was the recipient of a large 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. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 48,400 shares, the days-to-cover ratio is presently 0.1 days.

Cheetah Mobile Stock Up 9.5 %

CMCM traded up $0.38 on Monday, hitting $4.40. The company’s stock had a trading volume of 61,460 shares, compared to its average volume of 40,780. Cheetah Mobile has a 12 month low of $1.99 and a 12 month high of $6.78. The company’s 50 day simple moving average is $4.93 and its 200-day simple moving average is $4.28.

Cheetah Mobile (NYSE:CMCM) last released its quarterly earnings data on Tuesday, December 17th. The software maker reported ($0.20) EPS for the quarter.

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.

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.