Noteworthy Short Interest Filing: A Reversal for Cheetah Mobile Incorporated (NYSE:CMCM) Is Not Near. The Stock Has Rise in Shorts

November 29, 2016 - By Linda Rogers   ·   0 Comments

Noteworthy Short Interest Filing: A Reversal for Cheetah Mobile Incorporated (NYSE:CMCM) Is Not Near. The Stock Has Rise in Shorts

The stock of Cheetah Mobile Incorporated (NYSE:CMCM) registered an increase of 6.51% in short interest. CMCM’s total short interest was 6.32M shares in November as published by FINRA. Its up 6.51% from 5.93M shares, reported previously. With 330,000 shares average volume, it will take short sellers 19 days to cover their CMCM’s short positions. About 337,267 shares traded hands. Cheetah Mobile Inc (ADR) (NYSE:CMCM) has declined 30.64% since April 26, 2016 and is downtrending. It has underperformed by 35.90% the S&P500.

Cheetah Mobile Inc. is a holding company. The company has a market cap of $1.43 billion. The Firm and its consolidated subsidiaries, variable interest entities and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. It currently has negative earnings. The Firm operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud data analytics engines.

Cheetah Mobile Inc (ADR) (NYSE:CMCM) Ratings Coverage

Out of 4 analysts covering Cheetah Mobile Inc (NYSE:CMCM), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Cheetah Mobile Inc has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, September 30 by Credit Suisse. Macquarie Research downgraded the shares of CMCM in a report on Friday, May 20 to “Neutral” rating. Morgan Stanley downgraded the shares of CMCM in a report on Tuesday, April 26 to “Equal-Weight” rating. The company was downgraded on Friday, May 20 by Credit Suisse. The firm has “Overweight” rating given on Thursday, March 17 by Morgan Stanley.

CMCM Company Profile

Cheetah Mobile Inc., incorporated on July 1, 2009, is a holding company. The Firm and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Firm operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud data analytics engines. For its users, its diversified suite of applications optimizes mobile and PC Internet system performance, and provides real time protection against known and unknown security threats. For its users, the data analytics engines perform real time analysis of mobile applications, program files and Websites on their devices for behavior that may impair system performance or impose security risks.

More important recent Cheetah Mobile Inc (ADR) (NYSE:CMCM) news were published by: Fool.com which released: “Why Cheetah Mobile, Inc. (ADR) Stock Plunged Today” on May 19, 2016, also Marketwatch.com published article titled: “Cheetah Mobile Inc. ADR”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on May 03, 2014. More interesting news about Cheetah Mobile Inc (ADR) (NYSE:CMCM) was released by: Valuewalk.com and their article: “Cheetah Mobile Inc (ADR) (CMCM) IPO Off And Running” with publication date: May 08, 2014.

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By Linda Rogers


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