Shares are trading at $3.76 slightly over the 50 day moving average of $3.45 and which is marginally higher than the 200 day moving average of $3.61. The 50 day moving average went up $0.31 or +9.04% and the 200 day average went up $0.15 or +4.04%. (NYSE:NQ) shares saw light trading volume with 176K shares changing hands on Thursday. Shares saw a steep decrease in trading volume of 90.01% under the normal average daily volume.
Traders are a little more bullish on NQ Mobile Inc. American Deposit of late if you put credence in the change in short interest. The stock experienced a fall in short interest of -6.83% as of the latest report on August 15, 2017. Short interest decreased from 4,309,695 to 4,015,214 over that timeframe. The short-interest ratio increased to 16.0 and the percentage of shorted shares is 0.04% as of August 15.
A few notable investment firms have updated their holdings. Fagan Associates, Inc. grew its investment by buying 1,150 shares an increase of 4.6% in the quarter. Fagan Associates, Inc. now controls 26,035 shares with a value of $1,160,000. The total value of its holdings increased 8.8%. As of quarter end Lombard Odier Asset Management (usa) Corp had acquired a total of 185,886 shares growing its position 20.0%. The value of the investment in (NQ) decreased from $3,874,000 to $3,791,000 decreasing 2.1% since the last quarter.
As of the end of the quarter Kcg Holdings, Inc. had bought 18,057 shares growing its holdings by 177.2%. The value of the total investment in NQ Mobile Inc. American Deposit went from $43,000 to $96,000 a change of $53,000 for the reporting period. As of quarter end Integral Derivatives, LLC had sold 2,800 shares trimming its stake by 14.3%. The value of the company’s investment in NQ Mobile Inc. American Deposit went from $82,000 to $57,000 a change of 30.5% quarter over quarter.
NQ Mobile Inc., launched on March 14, 2007, is a global provider of mobile Internet services. The Company provides a portfolio of offerings, including mobile game publishing platforms, mobile advertising platforms, mobile entertainment applications and platforms, mobile security and productivity applications, as well as other mobile applications. It operates through two segments: consumer and enterprise. The consumer segment primarily consists of mobile value added services, which includes mobile security services, mobile games and live mobile social video platform, advertising services and other services. The enterprise segment mainly consists of technology and software development services and hardware sales aggregated under enterprise mobility revenues. The Company offers a range of products and services to consumers and enterprises. The Business’s product and service offerings provide mobile privacy and productivity, and also offer additional mobile value added services, such as mobile games, mobile entertainment applications and platforms, and other mobile applications. The Company also offers a set of enterprise mobility solutions. Additionally, the Company provides its products and services to its channel partners to provide these products and services to their own users. The Company also monetizes its mobile users through advertising, mobile games and technology licensing..Advertisement