Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) Sees Large Growth in Short Interest

Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 952,000 shares, an increase of 38.0% from the August 31st total of 690,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is currently 0.7 days.

Several research analysts recently issued reports on the company. China Renaissance Securities assumed coverage on Iclick Interactive Asia Group in a research report on Tuesday. They set a “buy” rating on the stock. Zacks Investment Research raised Iclick Interactive Asia Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Friday, August 28th. ValuEngine cut Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. BidaskClub cut Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, TheStreet cut Iclick Interactive Asia Group from a “c-” rating to a “d” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $11.50.

Shares of ICLK traded up $0.22 during mid-day trading on Thursday, hitting $6.89. The stock had a trading volume of 808,378 shares, compared to its average volume of 739,450. The firm has a market cap of $381.30 million, a P/E ratio of -27.79 and a beta of 0.82. The business has a fifty day moving average price of $8.20 and a 200-day moving average price of $5.99. Iclick Interactive Asia Group has a 52 week low of $2.80 and a 52 week high of $10.22.

Iclick Interactive Asia Group (NASDAQ:ICLK) last issued its earnings results on Monday, August 24th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. Iclick Interactive Asia Group had a negative return on equity of 2.23% and a negative net margin of 5.36%. As a group, research analysts predict that Iclick Interactive Asia Group will post -0.01 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of ICLK. Goldman Sachs Group Inc. purchased a new stake in Iclick Interactive Asia Group during the 2nd quarter valued at about $65,000. JPMorgan Chase & Co. purchased a new stake in Iclick Interactive Asia Group during the 1st quarter valued at about $95,000. Wells Fargo & Company MN purchased a new stake in Iclick Interactive Asia Group during the 1st quarter valued at about $202,000. Quadrature Capital Ltd purchased a new stake in Iclick Interactive Asia Group during the 2nd quarter valued at about $266,000. Finally, California Public Employees Retirement System purchased a new stake in Iclick Interactive Asia Group during the 2nd quarter valued at about $654,000. Hedge funds and other institutional investors own 9.32% of the company’s stock.

About Iclick Interactive Asia Group

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

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