Cheer Holding, Inc. (NASDAQ:CHR – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 22,700 shares, a growth of 18.8% from the September 15th total of 19,100 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 1.6 days.
Cheer Price Performance
NASDAQ CHR traded down $0.04 during trading on Wednesday, hitting $2.95. 1,239 shares of the company traded hands, compared to its average volume of 14,717. The business has a fifty day simple moving average of $2.62 and a 200 day simple moving average of $2.64. Cheer has a 12 month low of $2.18 and a 12 month high of $4.30.
Institutional Investors Weigh In On Cheer
A hedge fund recently raised its stake in Cheer stock. Shah Capital Management raised its position in shares of Cheer Holding, Inc. (NASDAQ:CHR – Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,265,558 shares of the company’s stock after acquiring an additional 8,867 shares during the period. Cheer makes up 0.9% of Shah Capital Management’s portfolio, making the stock its 12th biggest holding. Shah Capital Management owned approximately 12.57% of Cheer worth $3,164,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.54% of the company’s stock.
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.
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