Could Cheetah Mobile Inc American Depositary Shares EA (NYSE:CMCM) Skyrocket? The Stock Had Too Little Sellers

Cheetah Mobile Inc. (NYSE:CMCM) Logo

The stock of Cheetah Mobile Inc American Depositary Shares EA (NYSE:CMCM) registered a decrease of 10.68% in short interest. CMCM’s total short interest was 2.54M shares in June as published by FINRA. Its down 10.68% from 2.84M shares, reported previously. With 240,600 shares average volume, it will take short sellers 11 days to cover their CMCM’s short positions. The short interest to Cheetah Mobile Inc American Depositary Shares EA’s float is 8.08%.

The stock decreased 2.41% or $0.1 during the last trading session, reaching $4.05. About 287,788 shares traded. Cheetah Mobile Inc. (NYSE:CMCM) has declined 51.45% since June 13, 2018 and is downtrending. It has underperformed by 55.88% the S&P500.

Cheetah Mobile Inc. operates a platform that offers mobile and personal computer applications for its users and global content promotional channels. The company has market cap of $552.93 million. The companyÂ’s suite of utility applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats. It has a 2.64 P/E ratio. The Company’s mobile and PC applications for users include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; CM Security, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a safe Web browser for PCs and mobile devices; CM Browser, a mobile browser; CM Launcher, a secure launcher that offers acceleration, secure protection, and stylish wallpapers, as well as automatically organizes mobile applications based on personal behavior; Photo Grid, a photo collage application that allows users to create professional looking collages of photos through an intuitive interface for mobile devices; CM Locker, a lightweight lock screen; and Duba Anti-virus, an Internet security application for PC and mobile devices.

More notable recent Cheetah Mobile Inc. (NYSE:CMCM) news were published by: Benzinga.com which released: “Prescience Point Claims Cheetah Mobile Is ‘Worthless’, Company Says Allegations Are ‘Unfounded’ – Benzinga” on October 26, 2017, also Seekingalpha.com with their article: “Cheetah Mobile Inc. 2018 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on May 22, 2018, Globenewswire.com published: “INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Cheetah Mobile Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm – GlobeNewswire” on December 05, 2018. More interesting news about Cheetah Mobile Inc. (NYSE:CMCM) were released by: Fool.com and their article: “Should Tencent Worry About This Rival’s Meteoric Growth? – The Motley Fool” published on September 07, 2018 as well as Globenewswire.com‘s news article titled: “Pomerantz Law Firm Announces the Filing of a Class Action against Cheetah Mobile Inc. and Certain Officers – CMCM – GlobeNewswire” with publication date: November 30, 2018.

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