iClick Interactive Asia Group Limited (NASDAQ:ICLK) Sees Significant Growth in Short Interest

iClick Interactive Asia Group Limited (NASDAQ:ICLKGet Rating) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 168,000 shares, a growth of 8.2% from the August 15th total of 155,300 shares. Based on an average trading volume of 228,400 shares, the days-to-cover ratio is presently 0.7 days.

iClick Interactive Asia Group Stock Performance

Shares of ICLK opened at $0.36 on Tuesday. The stock’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.80. The stock has a market capitalization of $35.58 million, a price-to-earnings ratio of -0.58 and a beta of 0.33. iClick Interactive Asia Group has a 52-week low of $0.35 and a 52-week high of $7.63.

iClick Interactive Asia Group (NASDAQ:ICLKGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.09). iClick Interactive Asia Group had a negative return on equity of 10.47% and a negative net margin of 24.94%.

Institutional Trading of iClick Interactive Asia Group

A number of institutional investors have recently added to or reduced their stakes in ICLK. GSA Capital Partners LLP raised its holdings in shares of iClick Interactive Asia Group by 274.4% in the 4th quarter. GSA Capital Partners LLP now owns 115,370 shares of the company’s stock valued at $532,000 after acquiring an additional 84,554 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of iClick Interactive Asia Group by 15.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,885 shares of the company’s stock valued at $147,000 after purchasing an additional 4,161 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of iClick Interactive Asia Group during the 1st quarter valued at about $67,000. Jane Street Group LLC increased its position in shares of iClick Interactive Asia Group by 526.9% during the 2nd quarter. Jane Street Group LLC now owns 96,664 shares of the company’s stock valued at $65,000 after purchasing an additional 81,245 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of iClick Interactive Asia Group during the 2nd quarter valued at about $61,000. Hedge funds and other institutional investors own 23.41% of the company’s stock.

Analyst Upgrades and Downgrades

ICLK has been the subject of several research reports. TheStreet downgraded iClick Interactive Asia Group from a “c-” rating to a “d” rating in a research note on Wednesday, June 15th. Benchmark downgraded iClick Interactive Asia Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th.

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; and iNsights, an online campaign results monitoring and measurement solution.

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