iClick Interactive Asia Group Limited (NASDAQ:ICLK) Sees Large Drop in Short Interest

iClick Interactive Asia Group Limited (NASDAQ:ICLKGet Rating) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 287,300 shares, a decrease of 53.0% from the March 31st total of 611,000 shares. Based on an average daily volume of 854,900 shares, the short-interest ratio is currently 0.3 days.

Several large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of iClick Interactive Asia Group during the first quarter worth $29,000. Marshall Wace LLP bought a new position in shares of iClick Interactive Asia Group in the fourth quarter worth $257,000. State Street Corp increased its holdings in shares of iClick Interactive Asia Group by 27.1% in the fourth quarter. State Street Corp now owns 316,876 shares of the company’s stock worth $1,461,000 after purchasing an additional 67,531 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of iClick Interactive Asia Group by 28.2% in the fourth quarter. Nuveen Asset Management LLC now owns 8,886,240 shares of the company’s stock worth $40,965,000 after purchasing an additional 1,952,745 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of iClick Interactive Asia Group by 274.4% in the fourth quarter. GSA Capital Partners LLP now owns 115,370 shares of the company’s stock worth $532,000 after purchasing an additional 84,554 shares during the period. Hedge funds and other institutional investors own 31.12% of the company’s stock.

Separately, Alliance Global Partners downgraded iClick Interactive Asia Group from a “buy” rating to a “neutral” rating in a research note on Thursday, March 24th.

iClick Interactive Asia Group stock opened at $0.93 on Friday. iClick Interactive Asia Group has a 12 month low of $0.77 and a 12 month high of $13.42. The business’s 50 day simple moving average is $1.52 and its 200 day simple moving average is $3.94. The company has a market cap of $88.05 million, a price-to-earnings ratio of -6.64 and a beta of 0.52.

iClick Interactive Asia Group (NASDAQ:ICLKGet Rating) last posted its earnings results on Thursday, March 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). iClick Interactive Asia Group had a negative return on equity of 3.63% and a negative net margin of 4.43%.

iClick Interactive Asia Group Company Profile (Get Rating)

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.

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