Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Increases By 140.4%

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

Cheetah Mobile Stock Down 0.7 %

Shares of CMCM traded down $0.03 during mid-day trading on Friday, hitting $4.26. 27,248 shares of the stock were exchanged, compared to its average volume of 45,082. Cheetah Mobile has a 52-week low of $1.64 and a 52-week high of $5.20. The firm has a 50-day moving average of $2.95 and a two-hundred day moving average of $2.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Cheetah Mobile in a research report on Wednesday. They set a “hold” rating for the company.

Cheetah Mobile Company Profile

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.