Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Down 5.5% in November

Advantage Solutions Inc. (NASDAQ:ADV) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 8,010,000 shares, a drop of 5.5% from the November 15th total of 8,480,000 shares. Based on an average daily trading volume, of 548,800 shares, the short-interest ratio is presently 14.6 days. Currently, 9.1% of the shares of the stock are short sold.

Advantage Solutions Price Performance

Shares of ADV stock opened at $3.12 on Thursday. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -7.61 and a beta of 1.51. 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 twelve month low of $2.70 and a twelve month high of $4.95. The stock has a fifty day simple moving average of $3.33 and a two-hundred day simple moving average of $3.44.

Insider Activity

In related news, CEO David A. Peacock purchased 16,633 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of $3.30 per share, for a total transaction 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 $7,761,695.70. This represents a 0.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Advantage Solutions

Several hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Advantage Solutions by 318.7% in the third quarter. Barclays PLC now owns 166,024 shares of the company’s stock worth $570,000 after buying an additional 126,375 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Advantage Solutions during the 3rd quarter worth about $54,000. XTX Topco Ltd purchased a new stake in Advantage Solutions during the 3rd quarter valued at about $214,000. Jane Street Group LLC increased its holdings in shares of Advantage Solutions by 29.1% in the third quarter. Jane Street Group LLC now owns 604,588 shares of the company’s stock valued at $2,074,000 after purchasing an additional 136,276 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Advantage Solutions in the third quarter worth about $77,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.