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

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. bought a new stake in Cheer in the 4th quarter worth about $45,000. Credit Industriel ET Commercial purchased a new stake in shares of Cheer during the 4th quarter valued at about $68,000. Cigogne Management SA bought a new stake in shares of Cheer in the fourth quarter worth approximately $223,000. Finally, Shah Capital Management raised its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 18.54% of the company’s stock.

Cheer Trading Down 1.1 %

NASDAQ:CHR opened at $1.33 on Tuesday. Cheer has a 52 week low of $1.30 and a 52 week high of $3.45. The company’s 50 day moving average price is $2.15 and its 200-day moving average price is $2.51.

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.