iClick Interactive Asia Group Limited (NASDAQ:ICLK) Short Interest Up 37.7% in July

Posted by MarketBeat News on Aug 1st, 2022

iClick Interactive Asia Group Limited (NASDAQ:ICLK – Get Rating) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 176,000 shares, a growth of 37.7% from the June 30th total of 127,800 shares. Based on an average trading volume of 333,400 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in iClick Interactive Asia Group in the 1st quarter valued at $29,000. Shell Asset Management Co. acquired a new stake in shares of iClick Interactive Asia Group during the 4th quarter worth $142,000. Envestnet Asset Management Inc. increased its holdings 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 worth $147,000 after buying an additional 4,161 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of iClick Interactive Asia Group by 147.1% during the 1st quarter. HighTower Advisors LLC now owns 33,565 shares of the company’s stock worth $39,000 after buying an additional 19,982 shares during the last quarter. Finally, Citigroup Inc. acquired a new stake in shares of iClick Interactive Asia Group during the 1st quarter worth $45,000. 33.13% of the stock is currently owned by institutional investors and hedge funds.

iClick Interactive Asia Group Stock Performance

ICLK stock opened at $0.51 on Monday. iClick Interactive Asia Group has a 1 year low of $0.50 and a 1 year high of $7.63. The stock’s 50 day moving average price is $0.63 and its 200 day moving average price is $1.49. The firm has a market cap of $50.30 million, a P/E ratio of -3.40 and a beta of 0.42.

iClick Interactive Asia Group (NASDAQ:ICLK – Get Rating) last posted its earnings results on Friday, May 27th. The company reported ($0.09) earnings per share (EPS) for the quarter. iClick Interactive Asia Group had a negative net margin of 5.25% and a negative return on equity of 4.23%. The company had revenue of $47.38 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Benchmark decreased their price target on iClick Interactive Asia Group from $8.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. TheStreet lowered iClick Interactive Asia Group from a “c-” rating to a “d” rating in a research note on Wednesday, June 15th.

About iClick Interactive Asia Group

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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.