Cheer Holding, Inc. (NASDAQ:CHR) Short Interest Up 15.8% in September

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 19,100 shares, a growth of 15.8% from the August 31st total of 16,500 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is presently 1.5 days.

Cheer Trading Up 9.5 %

Shares of NASDAQ CHR traded up $0.25 during trading on Friday, reaching $2.87. The company had a trading volume of 27,965 shares, compared to its average volume of 14,377. Cheer has a 12 month low of $2.18 and a 12 month high of $4.30. The company’s fifty day moving average price is $2.54 and its 200-day moving average price is $2.61.

Institutional Investors Weigh In On Cheer

A hedge fund recently raised its stake in Cheer stock. Shah Capital Management grew its position in shares of Cheer Holding, Inc. (NASDAQ:CHR) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,265,558 shares of the company’s stock after acquiring an additional 8,867 shares during the quarter. Cheer comprises 0.9% of Shah Capital Management’s holdings, making the stock its 12th largest holding. Shah Capital Management owned 12.57% of Cheer worth $3,164,000 at the end of the most recent reporting period. 18.54% of the stock is currently owned by institutional investors.

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.