Cheetah Mobile Inc (NYSE:CMCM) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,150,000 shares, an increase of 42.4% from the June 30th total of 1,510,000 shares. Approximately 5.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is currently 2.1 days.
CMCM opened at $2.48 on Friday. The firm has a market cap of $355.46 million, a PE ratio of -5.17 and a beta of 1.82. The business has a fifty day simple moving average of $2.41 and a 200-day simple moving average of $2.65. Cheetah Mobile has a fifty-two week low of $1.64 and a fifty-two week high of $4.58.
Cheetah Mobile (NYSE:CMCM) last released its quarterly earnings results on Wednesday, June 10th. The software maker reported ($0.11) earnings per share for the quarter. Cheetah Mobile had a negative net margin of 14.45% and a positive return on equity of 2.08%. The company had revenue of $74.58 million during the quarter.
A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in shares of Cheetah Mobile by 22.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,352,697 shares of the software maker’s stock valued at $4,910,000 after buying an additional 248,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Cheetah Mobile by 11.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,579 shares of the software maker’s stock worth $1,184,000 after purchasing an additional 59,300 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Cheetah Mobile by 122.3% during the 1st quarter. Morgan Stanley now owns 353,257 shares of the software maker’s stock valued at $738,000 after buying an additional 194,350 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cheetah Mobile by 509.8% in the 4th quarter. Geode Capital Management LLC now owns 209,520 shares of the software maker’s stock valued at $760,000 after buying an additional 175,164 shares in the last quarter. Finally, State Street Corp increased its holdings in Cheetah Mobile by 12.1% in the first quarter. State Street Corp now owns 191,353 shares of the software maker’s stock worth $400,000 after buying an additional 20,655 shares during the last quarter. 4.83% of the stock is currently owned by institutional investors.
CMCM has been the subject of several recent analyst reports. TheStreet cut shares of Cheetah Mobile from a “c-” rating to a “d” rating in a report on Wednesday, July 8th. ValuEngine cut Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Wednesday, July 8th.
About Cheetah Mobile
Cheetah Mobile Inc operates as a mobile Internet company worldwide. 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; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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