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

iClick Interactive Asia Group Limited (NASDAQ:ICLK) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 129,200 shares, an increase of 35.9% from the February 13th total of 95,100 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 76,400 shares, the short-interest ratio is currently 1.7 days.

iClick Interactive Asia Group Stock Performance

Shares of NASDAQ ICLK traded up $1.03 during mid-day trading on Tuesday, hitting $9.43. 148,014 shares of the stock were exchanged, compared to its average volume of 52,863. The stock’s fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $6.00. iClick Interactive Asia Group has a twelve month low of $1.03 and a twelve month high of $11.38.

Institutional Trading of iClick Interactive Asia Group

A hedge fund recently bought a new stake in iClick Interactive Asia Group stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of iClick Interactive Asia Group Limited (NASDAQ:ICLK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,154 shares of the company’s stock, valued at approximately $329,000. Schonfeld Strategic Advisors LLC owned about 0.35% of iClick Interactive Asia Group at the end of the most recent reporting period.

About iClick Interactive Asia Group

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.