Cheetah Mobile Inc (CMCM) Short Interest Down 32.6% in January

Cheetah Mobile Inc (NYSE:CMCM) saw a large decline in short interest in January. As of January 12th, there was short interest totalling 5,275,373 shares, a decline of 32.6% from the December 29th total of 7,829,326 shares. Based on an average trading volume of 3,778,867 shares, the days-to-cover ratio is presently 1.4 days.

Shares of Cheetah Mobile (CMCM) opened at $14.34 on Thursday. Cheetah Mobile has a 1-year low of $7.54 and a 1-year high of $18.18. The stock has a market cap of $1,913.19, a price-to-earnings ratio of 39.83 and a beta of 3.52. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02.

Cheetah Mobile (NYSE:CMCM) last released its earnings results on Tuesday, November 21st. The software maker reported $0.14 earnings per share (EPS) for the quarter. Cheetah Mobile had a net margin of 7.44% and a return on equity of 10.76%.

CMCM has been the subject of several recent analyst reports. Credit Suisse Group set a $11.00 price target on shares of Cheetah Mobile and gave the stock a “hold” rating in a report on Friday, November 24th. TheStreet raised shares of Cheetah Mobile from a “c+” rating to a “b-” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.75.

Institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in shares of Cheetah Mobile during the fourth quarter worth $108,000. Smith Asset Management Group LP purchased a new stake in shares of Cheetah Mobile during the fourth quarter worth $220,000. Acadian Asset Management LLC purchased a new stake in shares of Cheetah Mobile during the fourth quarter worth $752,000. Sensato Investors LLC grew its holdings in shares of Cheetah Mobile by 119.7% during the fourth quarter. Sensato Investors LLC now owns 81,784 shares of the software maker’s stock worth $988,000 after buying an additional 44,561 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Cheetah Mobile by 518.6% during the fourth quarter. Profund Advisors LLC now owns 85,598 shares of the software maker’s stock worth $1,034,000 after buying an additional 71,760 shares in the last quarter. 7.06% of the stock is owned by institutional investors and hedge funds.

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Cheetah Mobile Company Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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