Short Interest in Advantage Solutions Inc. (NASDAQ:ADV) Rises By 13.1%

Advantage Solutions Inc. (NASDAQ:ADV) was the target of a large 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. Currently, 9.5% of the shares of the stock are short sold. Based on an average daily volume of 417,200 shares, the short-interest ratio is currently 20.1 days.

Advantage Solutions Stock Up 3.7 %

Shares of NASDAQ:ADV opened at $2.52 on Friday. 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 has a 12 month low of $2.22 and a 12 month high of $4.95. The company has a 50-day moving average price of $3.15 and a 200 day moving average price of $3.40. The company has a market cap of $808.30 million, a price-to-earnings ratio of -6.15 and a beta of 1.55.

Insider Buying and Selling at Advantage Solutions

In other Advantage Solutions news, CEO David A. Peacock purchased 16,633 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $3.30 per share, with a total value of $54,888.90. Following the acquisition, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Algert Global LLC bought 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 position in shares of Advantage Solutions in the 3rd quarter valued at about $54,000. Paloma Partners Management Co bought a new position in shares of Advantage Solutions in the 3rd quarter valued at about $77,000. Creative Planning bought a new position in shares of Advantage Solutions in the 3rd quarter valued at about $82,000. Finally, Intech Investment Management LLC bought a new stake in Advantage Solutions in the third quarter worth about $99,000. Institutional investors own 49.82% of the company’s stock.

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.