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

Cheer Holding, Inc. (NASDAQ:CHR) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 27,300 shares, a decrease of 53.5% from the February 13th total of 58,700 shares. Based on an average daily trading volume, of 92,300 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Cheer

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in Cheer during the fourth quarter valued at approximately $45,000. Credit Industriel ET Commercial bought a new stake in Cheer in the fourth quarter worth $68,000. Cigogne Management SA purchased a new position in Cheer during the fourth quarter worth $223,000. Finally, Shah Capital Management increased its position in 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 acquiring an additional 312,521 shares during the last quarter. 18.54% of the stock is owned by hedge funds and other institutional investors.

Cheer Stock Performance

NASDAQ:CHR traded up $0.02 during trading hours on Friday, reaching $1.72. The stock had a trading volume of 26,168 shares, compared to its average volume of 37,689. Cheer has a 52 week low of $1.54 and a 52 week high of $3.45. The company has a 50 day moving average price of $2.33 and a two-hundred day moving average price of $2.57.

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.