Cheetah Mobile Inc. (NYSE:CMCM) Short Interest Up 249.1% in February

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 18,500 shares, an increase of 249.1% from the January 31st total of 5,300 shares. Based on an average daily volume of 54,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cheetah Mobile from a "hold" rating to a "buy" rating in a research note on Thursday, December 19th.

Cheetah Mobile Price Performance

Shares of NYSE CMCM traded down $0.08 during midday trading on Tuesday, reaching $4.97. 22,234 shares of the company's stock traded hands, compared to its average volume of 46,101. Cheetah Mobile has a one year low of $2.25 and a one year high of $6.78. The stock's 50 day simple moving average is $4.91 and its 200-day simple moving average is $4.60.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last posted its earnings results on Tuesday, December 17th. The software maker reported ($0.20) EPS for the quarter.

About Cheetah Mobile

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.