Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) Short Interest Update

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Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 728,800 shares, a decrease of 23.4% from the September 15th total of 952,000 shares. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is presently 0.5 days.

A number of analysts have recently issued reports on the stock. TheStreet raised shares of Iclick Interactive Asia Group from a “d” rating to a “c” rating in a research report on Monday, October 12th. Roth Capital increased their price target on shares of Iclick Interactive Asia Group from $7.50 to $11.50 and gave the stock a “buy” rating in a research report on Monday, August 24th. ValuEngine raised shares of Iclick Interactive Asia Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Zacks Investment Research raised shares of Iclick Interactive Asia Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, August 28th. Finally, BidaskClub upgraded Iclick Interactive Asia Group from a “hold” rating to a “buy” rating in a report on Saturday. Seven research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $11.50.

NASDAQ:ICLK traded up $0.37 during mid-day trading on Friday, reaching $8.28. The stock had a trading volume of 948,083 shares, compared to its average volume of 745,854. The business’s 50 day moving average is $7.73 and its 200 day moving average is $6.21. Iclick Interactive Asia Group has a fifty-two week low of $2.93 and a fifty-two week high of $10.22. The stock has a market cap of $473.33 million, a P/E ratio of -34.50 and a beta of 0.97.

Iclick Interactive Asia Group (NASDAQ:ICLK) last released its quarterly earnings data on Monday, August 24th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm had revenue of $58.11 million for the quarter, compared to the consensus estimate of $56.25 million. Research analysts predict that Iclick Interactive Asia Group will post -0.01 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in Iclick Interactive Asia Group during the second quarter valued at approximately $65,000. JPMorgan Chase & Co. acquired a new position in Iclick Interactive Asia Group during the first quarter valued at approximately $95,000. Wells Fargo & Company MN acquired a new position in Iclick Interactive Asia Group during the first quarter valued at approximately $202,000. Quadrature Capital Ltd acquired a new position in Iclick Interactive Asia Group during the second quarter valued at approximately $266,000. Finally, California Public Employees Retirement System acquired a new position in Iclick Interactive Asia Group during the second quarter valued at approximately $654,000. Institutional investors own 9.32% of the company’s stock.

Iclick Interactive Asia Group Company Profile

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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