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

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

Institutional Investors Weigh In On iClick Interactive Asia Group

Several institutional investors have recently bought and sold shares of ICLK. Kestra Advisory Services LLC bought a new stake in iClick Interactive Asia Group during the first quarter worth $29,000. UBS Group AG grew its holdings in iClick Interactive Asia Group by 1,024.6% during the second quarter. UBS Group AG now owns 56,329 shares of the company’s stock worth $38,000 after buying an additional 51,320 shares in the last quarter. HighTower Advisors LLC grew its holdings in iClick Interactive Asia Group by 147.1% during the first quarter. HighTower Advisors LLC now owns 33,565 shares of the company’s stock worth $39,000 after buying an additional 19,982 shares in the last quarter. Citigroup Inc. bought a new position in iClick Interactive Asia Group in the 1st quarter valued at $45,000. Finally, JPMorgan Chase & Co. grew its stake in iClick Interactive Asia Group by 2,160.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 82,019 shares of the company’s stock valued at $55,000 after purchasing an additional 78,390 shares during the period. Institutional investors own 23.41% of the company’s stock.

iClick Interactive Asia Group Stock Up 2.5 %

Shares of NASDAQ:ICLK opened at $0.36 on Tuesday. iClick Interactive Asia Group has a twelve month low of $0.35 and a twelve month high of $7.63. The stock’s 50 day moving average is $0.52 and its 200-day moving average is $0.80. The firm 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 (NASDAQ:ICLKGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Wall Street Analyst Weigh In

ICLK has been the topic of a number of research reports. TheStreet lowered iClick Interactive Asia Group from a “c-” rating to a “d” rating in a research report on Wednesday, June 15th. Benchmark lowered iClick Interactive Asia Group from a “buy” rating to a “hold” rating in a research report 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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