Short Interest in Cheer Holding, Inc. (NASDAQ:CHR) Increases By 9.4%

Cheer Holding, Inc. (NASDAQ:CHR) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 43,200 shares, a growth of 9.4% from the January 15th total of 39,500 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the stock are short sold.

Cheer Stock Performance

Shares of CHR opened at $2.52 on Tuesday. The company’s fifty day moving average is $2.57 and its 200 day moving average is $2.64. Cheer has a fifty-two week low of $2.26 and a fifty-two week high of $3.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CHR. Shah Capital Management lifted its position in shares of Cheer by 24.0% during the fourth quarter. Shah Capital Management now owns 1,614,921 shares of the company’s stock valued at $4,021,000 after buying an additional 312,521 shares during the last quarter. Cigogne Management SA purchased a new position in shares of Cheer in the 4th quarter valued at approximately $223,000. Credit Industriel ET Commercial acquired a new position in Cheer in the 4th quarter worth approximately $68,000. Finally, Nomura Holdings Inc. acquired a new position in Cheer in the 4th quarter worth approximately $45,000. 18.54% of the stock is currently owned by institutional investors.

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.