Short Interest in Cheer Holding, Inc. (NASDAQ:CHR) Declines By 12.5%

Cheer Holding, Inc. (NASDAQ:CHR) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 65,700 shares, a decline of 12.5% from the December 15th total of 75,100 shares. Based on an average daily trading volume, of 91,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.9% of the company’s shares are short sold.

Cheer Price Performance

Shares of CHR stock traded up $0.05 on Friday, reaching $2.50. 11,934 shares of the company were exchanged, compared to its average volume of 36,042. Cheer has a one year low of $2.18 and a one year high of $3.90. The company has a 50-day moving average of $2.62 and a 200-day moving average of $2.65.

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.