Trading was light with 143K shares changing hands by the end of trading on Thursday. Volume was down 71.92% under the stocks average daily volume. Investors are a little more bearish on AirMedia Group Inc – American D lately at least if you consider the motion in short interest. The firm experienced a rise in short interest between June 15, 2017 and May 31, 2017 of 39.74%. Short interest grew 188,044 over that period.
These funds have also shifted positions in (AMCN). Morgan Stanley divested its stake by selling 18 shares a decrease of 1.0% in the quarter. Morgan Stanley owns 1,732 shares with a value of $5,000. The value of the position overall is up by 25.0%. As of the end of the quarter Invesco Ltd. had sold 460 shares trimming its position 0.6%. The value of the company’s investment in AirMedia Group Inc – American D went from $188,000 to $209,000 increasing 11.2% quarter over quarter.
As of quarter end Susquehanna International Group, Llp had acquired a total of 8,100 shares growing its stake by 53.6%. The value of the investment in AirMedia Group Inc – American D increased from $51,000 to $64,000 a change of 25.5% since the last quarter. Central Asset Investments & Management Holdings (hk) Ltd trimmed its holdings by shedding 6,100 shares a decrease of 33.2% as of 03/31/2017. Central Asset Investments & Management Holdings (hk) Ltd claims 12,280 shares worth $34,000. The total value of its holdings decreased 24.4%.
The company is trading up from yesterday’s close of $2.19.
AirMedia Group Inc., launched on April 12, 2007, is an operator of out-of-home advertising platforms in China. The Company is involved in selling advertising time slots on its network, primarily air travel advertising network, across the People’s Republic of China. The Company holds concession rights to install and operate wireless fidelity (Wi-Fi) systems on trains administered by over eight regional railway administrative bureaus in China. It also holds concession rights to install and operate Wi-Fi systems on various long-haul buses in China. The Company operates approximately 71,900 digital television screens on airplanes operated by over five airlines, including Air China, China Eastern Airlines, China Southern Airlines, Shanghai Airlines and Xiamen Airlines. It also holds concession rights to operate the advertising media platforms at Sinopec gas stations across China. It provides in-flight advertising and non-advertising contents..Advertisement