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

Cheer Holding, Inc. (NASDAQ:CHR) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 27,300 shares, a decline of 53.5% from the February 13th total of 58,700 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 92,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Cheer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Shah Capital Management raised its holdings in shares of Cheer by 24.0% in the 4th quarter. Shah Capital Management now owns 1,614,921 shares of the company’s stock valued at $4,021,000 after acquiring an additional 312,521 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Cheer in the 4th quarter valued at about $45,000. Cigogne Management SA purchased a new stake in shares of Cheer in the 4th quarter valued at about $223,000. Finally, Credit Industriel ET Commercial purchased a new stake in shares of Cheer in the 4th quarter valued at about $68,000. Institutional investors own 18.54% of the company’s stock.

Cheer Price Performance

Shares of CHR stock opened at $1.72 on Friday. The company’s fifty day simple moving average is $2.33 and its two-hundred day simple moving average is $2.57. Cheer has a 1 year low of $1.54 and a 1 year high of $3.45.

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.