Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Update

Cheer Holding, Inc. (NASDAQ:CHR) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 43,200 shares, a growth of 9.4% from the January 15th total of 39,500 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Cheer

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

Cheer Price Performance

Cheer stock opened at $2.52 on Tuesday. Cheer has a 1-year low of $2.26 and a 1-year high of $3.90. The company’s 50-day moving average is $2.57 and its 200 day moving average is $2.64.

Cheer Company Profile

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.