Short Interest in Advantage Solutions Inc. (NASDAQ:ADV) Expands By 13.1%

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 8,390,000 shares, a growth of 13.1% from the December 15th total of 7,420,000 shares. Based on an average daily trading volume, of 417,200 shares, the days-to-cover ratio is presently 20.1 days. Currently, 9.5% of the shares of the company are short sold.

Insider Activity

In related news, CEO David A. Peacock acquired 16,633 shares of Advantage Solutions stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the purchase, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On Advantage Solutions

Institutional investors have recently bought and sold shares of the business. Algert Global LLC bought a new position in shares of Advantage Solutions during the 2nd quarter valued at about $36,000. Y Intercept Hong Kong Ltd bought a new position in shares of Advantage Solutions during the 3rd quarter valued at about $54,000. Paloma Partners Management Co bought a new position in shares of Advantage Solutions during the 3rd quarter valued at about $77,000. Creative Planning bought a new position in shares of Advantage Solutions during the 3rd quarter valued at about $82,000. Finally, Intech Investment Management LLC bought a new position in shares of Advantage Solutions during the 3rd quarter valued at about $99,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Advantage Solutions Trading Up 3.7 %

Shares of ADV stock opened at $2.52 on Friday. Advantage Solutions has a 52-week low of $2.22 and a 52-week high of $4.95. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a fifty day simple moving average of $3.13 and a two-hundred day simple moving average of $3.40.

About Advantage Solutions

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.