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

iClick Interactive Asia Group Limited (NASDAQ:ICLK) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 18,700 shares, a drop of 40.6% from the August 15th total of 31,500 shares. Based on an average daily volume of 41,600 shares, the short-interest ratio is currently 0.4 days.

iClick Interactive Asia Group Stock Performance

iClick Interactive Asia Group stock remained flat at $2.98 during trading hours on Friday. 11,513 shares of the company’s stock traded hands, compared to its average volume of 33,136. iClick Interactive Asia Group has a 1 year low of $1.03 and a 1 year high of $4.01. The stock has a 50 day moving average of $2.63 and a 200-day moving average of $2.48.

Institutional Investors Weigh In On iClick Interactive Asia Group

Large investors have recently bought and sold shares of the business. Crystalline Management Inc. acquired a new position in iClick Interactive Asia Group during the 4th quarter worth about $243,000. PenderFund Capital Management Ltd. acquired a new position in shares of iClick Interactive Asia Group during the fourth quarter worth approximately $119,000. Finally, Black Maple Capital Management LP acquired a new position in shares of iClick Interactive Asia Group during the first quarter worth approximately $53,000.

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.