Short Interest in Cheer Holding, Inc. (NASDAQ:CHR) Increases By 33.3%

Cheer Holding, Inc. (NASDAQ:CHR) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 36,400 shares, an increase of 33.3% from the February 28th total of 27,300 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 40,600 shares, the short-interest ratio is currently 0.9 days.

Cheer Trading Down 1.1 %

CHR opened at $1.33 on Tuesday. Cheer has a 12-month low of $1.30 and a 12-month high of $3.45. The stock has a fifty day simple moving average of $2.15 and a two-hundred day simple moving average of $2.51.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Shah Capital Management grew its holdings in Cheer by 24.0% in the fourth quarter. Shah Capital Management now owns 1,614,921 shares of the company’s stock worth $4,021,000 after purchasing an additional 312,521 shares during the period. Cigogne Management SA purchased a new stake in shares of Cheer in the 4th quarter worth approximately $223,000. Credit Industriel ET Commercial bought a new position in Cheer during the 4th quarter valued at approximately $68,000. Finally, Nomura Holdings Inc. purchased a new position in Cheer during the fourth quarter valued at $45,000. 18.54% of the stock is currently owned by institutional investors.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses.