Short Interest in iClick Interactive Asia Group Limited (NASDAQ:ICLK) Increases By 35.9%

iClick Interactive Asia Group Limited (NASDAQ:ICLK) was the recipient of a significant increase in short interest during the month of 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. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily volume of 76,400 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iClick Interactive Asia Group stock. Renaissance Technologies LLC bought a new stake in iClick Interactive Asia Group Limited (NASDAQ:ICLK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,500 shares of the company’s stock, valued at approximately $211,000. Renaissance Technologies LLC owned about 0.22% of iClick Interactive Asia Group as of its most recent filing with the Securities and Exchange Commission.

iClick Interactive Asia Group Stock Performance

iClick Interactive Asia Group stock traded up $1.03 during trading on Friday, reaching $9.43. 148,014 shares of the company were exchanged, compared to its average volume of 52,863. The stock’s 50 day simple moving average is $8.29 and its two-hundred day simple moving average is $5.93. iClick Interactive Asia Group has a 52-week low of $1.03 and a 52-week high of $11.38.

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.