Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Update

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a large growth in short interest in 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 volume of 14,100 shares, the days-to-cover ratio is currently 1.6 days.

Cheer Price Performance

Shares of Cheer stock traded up $0.19 during trading on Monday, hitting $3.00. 15,542 shares of the stock were exchanged, compared to its average volume of 14,807. The firm’s 50-day moving average price is $2.61 and its 200 day moving average price is $2.63. Cheer has a 12-month low of $2.18 and a 12-month high of $4.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheer stock. Shah Capital Management boosted its position in shares of Cheer Holding, Inc. (NASDAQ:CHR) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,265,558 shares of the company’s stock after buying an additional 8,867 shares during the period. Cheer accounts for 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 quarter. 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.