NQ Mobile Inc. American Deposit (NYSE:NQ) Sees Light Trading Volume with 260K Shares Changing Hands

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260K shares changed hands on Thursday. Trading volume was down 85.27% under the stocks average daily volume.

Traders are more bullish on NQ Mobile Inc. American Deposit of late if you put credence in the decrease in short interest. The firm experienced a fall in short interest between July 31, 2017 and August 15, 2017 of -6.83%. Short interest decreased 294,481 over that period. The days to cover increased to 16.0 and the percentage of shorted shares is 1.19% as of August 15.

These firms have also modified their investment in NQ. Fagan Associates, Inc. added to its position by buying 1,150 shares an increase of 4.6% in the quarter. Fagan Associates, Inc. now holds 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 185,886 shares growing its position 20.0%. The value in dollars went from $3,874,000 to $3,791,000 decreasing 2.1% quarter to quarter.

As of the end of the quarter Kcg Holdings, Inc. had bought a total of 18,057 shares growing its holdings by 177.2%. The value of the investment in (NQ) increased from $43,000 to $96,000 a change of $53,000 quarter over quarter. Integral Derivatives, LLC cut its stake by selling 2,800 shares a decrease of 14.3%. Integral Derivatives, LLC claims 16,800 shares worth $57,000. The value of the position overall is down by 30.5%.

In the market the company is trading unchanged by 0.00% since yesterday’s close of $3.36. Shares last traded at $3.36 just a bit lower than the 50 day moving average of $3.42 and a bit lower than the 200 day moving average of $3.65. The 50 day moving average was down by -1.80% and the 200 day average went down $-0.29 or -7.98%.

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..