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

iClick Interactive Asia Group Limited (NASDAQ:ICLK) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 129,200 shares, a growth of 35.9% from the February 13th total of 95,100 shares. Based on an average daily volume of 76,400 shares, the short-interest ratio is currently 1.7 days. Approximately 1.4% of the company’s stock are short sold.

iClick Interactive Asia Group Price Performance

Shares of ICLK traded up $1.03 during midday trading on Monday, hitting $9.43. The company had a trading volume of 148,014 shares, compared to its average volume of 52,863. iClick Interactive Asia Group has a 52 week low of $1.03 and a 52 week high of $11.38. The company’s 50 day moving average price is $8.29 and its 200 day moving average price is $5.95.

Institutional Trading of iClick Interactive Asia Group

A hedge fund recently bought a new stake in iClick Interactive Asia Group stock. Renaissance Technologies LLC acquired a new position in shares of iClick Interactive Asia Group Limited (NASDAQ:ICLK) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 at the end of the most recent reporting period.

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.