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

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 8,010,000 shares, a decrease of 5.5% from the November 15th total of 8,480,000 shares. Based on an average daily volume of 548,800 shares, the days-to-cover ratio is presently 14.6 days. Approximately 9.1% of the shares of the stock are short sold.

Advantage Solutions Trading Down 0.6 %

NASDAQ:ADV traded down $0.02 on Tuesday, hitting $3.29. 338,668 shares of the stock were exchanged, compared to its average volume of 754,586. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -8.02 and a beta of 1.51. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. Advantage Solutions has a 52 week low of $2.70 and a 52 week high of $4.95. The company's 50-day moving average price is $3.33 and its 200 day moving average price is $3.44.

Insider Transactions at Advantage Solutions

In related news, CEO David A. Peacock acquired 16,633 shares of the firm's stock in a transaction on Monday, November 11th. The shares were 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 directly owns 2,352,029 shares in the company, valued at $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 SEC, which is available through this link. 6.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Advantage Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in Advantage Solutions by 318.7% in the third quarter. Barclays PLC now owns 166,024 shares of the company's stock valued at $570,000 after purchasing an additional 126,375 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Advantage Solutions during the 3rd quarter worth $54,000. XTX Topco Ltd bought a new position in Advantage Solutions during the third quarter worth about $214,000. Jane Street Group LLC grew its stake in 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 acquiring an additional 136,276 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Advantage Solutions in the third quarter worth about $77,000. 49.82% of the stock is owned by institutional investors.

About Advantage Solutions

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.