Cheer Holding, Inc. (NASDAQ:CHR – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 16,000 shares, an increase of 8.8% from the June 30th total of 14,700 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 1.6 days. Approximately 0.3% of the company’s shares are short sold.
Cheer Trading Up 4.9 %
Shares of CHR traded up $0.13 during trading hours on Tuesday, hitting $2.78. The company had a trading volume of 43,023 shares, compared to its average volume of 15,251. Cheer has a 52-week low of $2.18 and a 52-week high of $6.75. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $2.63 and its 200 day moving average price is $2.63.
Hedge Funds Weigh In On Cheer
An institutional investor recently raised its position in Cheer stock. Shah Capital Management lifted its position in Cheer Holding, Inc. (NASDAQ:CHR – Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,265,558 shares of the company’s stock after purchasing an additional 8,867 shares during the period. Cheer comprises approximately 0.9% of Shah Capital Management’s portfolio, making the stock its 12th biggest holding. Shah Capital Management owned about 12.57% of Cheer worth $3,164,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.54% of the company’s stock.
About Cheer
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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