Cheetah Mobile Inc. (NYSE:CMCM) Sees Large Decrease in Short Interest

Posted by Anthony Miller on Jan 29th, 2025

Cheetah Mobile Inc. (NYSE:CMCM – Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 4,100 shares, a drop of 87.4% from the December 31st total of 32,600 shares. Based on an average trading volume of 48,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Cheetah Mobile Stock Performance

Shares of NYSE CMCM traded down $0.04 during mid-day trading on Tuesday, reaching $4.39. The company’s stock had a trading volume of 5,028 shares, compared to its average volume of 30,690. Cheetah Mobile has a 52 week low of $1.99 and a 52 week high of $6.78. The stock has a fifty day moving average of $4.96 and a two-hundred day moving average of $4.31.

Cheetah Mobile (NYSE:CMCM – Get Free Report) last announced its quarterly earnings results on Tuesday, December 17th. The software maker reported ($0.20) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cheetah Mobile from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Check Out Our Latest Stock Analysis on CMCM

Cheetah Mobile Company Profile

(Get Free Report)

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.