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

iClick Interactive Asia Group Limited (NASDAQ:ICLK) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 94,100 shares, a growth of 5.3% from the January 15th total of 89,400 shares. Based on an average trading volume of 79,900 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On iClick Interactive Asia Group

An institutional investor recently bought a new position in iClick Interactive Asia Group stock. Schonfeld Strategic Advisors LLC purchased a new position in shares of iClick Interactive Asia Group Limited (NASDAQ:ICLK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,154 shares of the company’s stock, valued at approximately $329,000. Schonfeld Strategic Advisors LLC owned approximately 0.35% of iClick Interactive Asia Group at the end of the most recent quarter.

iClick Interactive Asia Group Stock Performance

NASDAQ:ICLK traded down $0.49 during trading hours on Monday, reaching $8.00. The company’s stock had a trading volume of 91,671 shares, compared to its average volume of 46,683. iClick Interactive Asia Group has a 12 month low of $1.03 and a 12 month high of $11.38. The stock has a 50 day moving average price of $8.63 and a two-hundred day moving average price of $5.34.

iClick Interactive Asia Group Company Profile

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in Mainland China, Hong Kong, and internationally. It operates through two segments, Marketing Solutions and Enterprise Solutions. The company offers iAudience, a market intelligence platform that provides real-time insights of the target audiences and competitive landscapes that allows enterprises to explore potential market opportunities and drive long-term business growth; iNsights 2.0, a marketing analytics platform that provides marketers with in-depth analyses, including conversion path analysis, cross-channel effectiveness analysis, and e-commerce analysis; iParllay, a social commerce platform that offers customer management and marketing automation capabilities; iSCRM, a WeChat social customer relationship management that provides enterprises with WeChat private traffic management and operation; and iAccess, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns.