Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Up 33.3% in March

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

Institutional Trading of Cheer

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

Cheer Trading Down 0.7 %

Shares of Cheer stock traded down $0.01 on Monday, reaching $1.34. 67,026 shares of the stock were exchanged, compared to its average volume of 38,838. Cheer has a twelve month low of $1.33 and a twelve month high of $3.45. The business has a 50 day moving average price of $2.17 and a two-hundred day moving average price of $2.52.

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.