Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 140.4% in April

Cheetah Mobile Inc. (NYSE:CMCM) saw a large growth in short interest in the month of 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 daily volume of 52,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Cheetah Mobile in a research note on Wednesday. They issued a “hold” rating on the stock.

Cheetah Mobile Stock Down 0.7 %

CMCM stock opened at $4.26 on Friday. Cheetah Mobile has a twelve month low of $1.64 and a twelve month high of $5.20. The stock has a 50-day simple moving average of $2.99 and a two-hundred day simple moving average of $2.37.

About Cheetah Mobile

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.