Advantage Solutions Inc. (NASDAQ:ADV) Short Interest Down 7.4% in December

Advantage Solutions Inc. (NASDAQ:ADV) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 7,420,000 shares, a decrease of 7.4% from the November 30th total of 8,010,000 shares. Based on an average daily volume of 466,600 shares, the days-to-cover ratio is presently 15.9 days. Currently, 8.4% of the company’s stock are short sold.

Insiders Place Their Bets

In other Advantage Solutions news, CEO David A. Peacock acquired 16,633 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $3.30 per share, with a total value of $54,888.90. Following the completion of the purchase, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at approximately $7,761,695.70. The trade was a 0.71 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors have recently modified their holdings of ADV. Allspring Global Investments Holdings LLC bought a new position in Advantage Solutions in the 2nd quarter worth about $31,000. Algert Global LLC purchased a new position in Advantage Solutions in the second quarter worth about $36,000. Y Intercept Hong Kong Ltd bought a new position in shares of Advantage Solutions in the third quarter worth approximately $54,000. Paloma Partners Management Co bought a new position in shares of Advantage Solutions in the third quarter worth approximately $77,000. Finally, Creative Planning purchased a new stake in shares of Advantage Solutions during the third quarter valued at approximately $82,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Advantage Solutions Stock Performance

Shares of ADV opened at $2.91 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a market cap of $933.39 million, a P/E ratio of -7.10 and a beta of 1.51. The business’s 50 day moving average price is $3.31 and its 200-day moving average price is $3.44. Advantage Solutions has a 52 week low of $2.70 and a 52 week high of $4.95.

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.