Prescience Point Issues a Negative Report on Cheetah Mobile (NYSE: CMCM)

BATON ROUGE, La., Oct. 26, 2017 /PRNewswire/ -- Prescience Point, a forensic research firm, has published a new report on Cheetah Mobile (NYSE: CMCM), a China-based developer of mobile (iOS and Android) and PC applications with a market value in excess of $1 billion. Prescience Point conducted a 5-month long business and forensic accounting review, encompassing a thorough scrub of public filings, Freedom of Information Requests (FOIAs), conversations with several former employees (including many former managers), engagement of several private investigators, and an analysis of mobile data provided by App Annie. Prescience Point believes Cheetah Mobile is worth 80% lower than the current share price, as the company faces a litany of near-term challenges.
Read our complete report at www.presci.us/Cheet

Prescience Point has a short position in Cheetah Mobile and stands to benefit if its share price falls.

About Prescience Point
Prescience Point, LLC (www.presciencepoint.com) conducts forensic financial research to uncover companies misleading or defrauding investors. The firm's research process incorporates partnering with leading hedge funds, private investigators, accountants, lawyers and industry experts. Prescience Point is an investor activist that communicates its findings to regulators, shareholders, and other public constituents.

Prescience Investment Group, LLC is a member of the Financial Industry Regulatory Authority, CRD number 152721.

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SOURCE Prescience Investment Group, LLC