Advantage Solutions Inc. (NASDAQ:ADV) Sees Large Growth in Short Interest

Advantage Solutions Inc. (NASDAQ:ADV) was the target of a significant growth in short interest during 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 trading volume of 417,200 shares, the short-interest ratio is currently 20.1 days. Approximately 9.5% of the company’s shares are sold short.

Insider Buying and Selling

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of Advantage Solutions stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $3.30 per share, with a total value of $54,888.90. Following the completion of the transaction, the chief executive officer now directly owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This represents a 0.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

A number of hedge funds have recently made changes to their positions in the stock. Algert Global LLC acquired a new position in shares of Advantage Solutions in the 2nd quarter valued at about $36,000. Y Intercept Hong Kong Ltd bought a new stake in Advantage Solutions in the 3rd quarter valued at about $54,000. Paloma Partners Management Co acquired a new position in Advantage Solutions during the 3rd quarter valued at about $77,000. Creative Planning bought a new position in Advantage Solutions in the 3rd quarter worth about $82,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Advantage Solutions in the third quarter valued at approximately $99,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Advantage Solutions Trading Up 3.7 %

NASDAQ ADV opened at $2.52 on Monday. The company’s fifty day simple moving average is $3.13 and its 200-day simple moving average is $3.40. The stock has a market cap of $808.29 million, a P/E ratio of -6.15 and a beta of 1.55. 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.

Advantage Solutions Company Profile

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.