Shah Capital Management Increases Stake in Cheer Holding, Inc. (NASDAQ:CHR)

Shah Capital Management raised its position in Cheer Holding, Inc. (NASDAQ:CHR) by 24.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,614,921 shares of the company’s stock after purchasing an additional 312,521 shares during the period. Cheer accounts for approximately 0.8% of Shah Capital Management’s portfolio, making the stock its 14th biggest holding. Shah Capital Management owned approximately 15.69% of Cheer worth $4,021,000 at the end of the most recent quarter.

Cheer Trading Up 1.6 %

NASDAQ CHR opened at $2.58 on Monday. Cheer Holding, Inc. has a 52 week low of $2.18 and a 52 week high of $3.90. The business’s fifty day simple moving average is $2.60 and its 200-day simple moving average is $2.65.

Cheer 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.