Short Interest in Cheetah Mobile Inc. (NYSE:CMCM) Declines By 44.3%

Cheetah Mobile Inc. (NYSE:CMCM) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 10,300 shares, a decline of 44.3% from the February 13th total of 18,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 50,900 shares, the days-to-cover ratio is presently 0.2 days.

Cheetah Mobile Stock Up 2.1 %

NYSE:CMCM traded up $0.11 during trading hours on Friday, hitting $5.02. 29,742 shares of the stock were exchanged, compared to its average volume of 44,503. The company’s 50 day moving average is $4.96 and its two-hundred day moving average is $4.66. Cheetah Mobile has a twelve month low of $2.25 and a twelve month high of $6.78.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th.

Cheetah Mobile Company Profile

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.