NQ Mobile Inc. American Deposit (NYSE:NQ) Sees Significantly Lower Trading Volume

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NQ Mobile Inc. American Deposit shares had a trading volume of 233K on Wednesday. Shares saw a steep decrease in trading volume of 86.80% under the normal average daily volume.

Traders are a little more bullish recently if you pay attention to the fall in short interest. The firm recorded a fall in short interest of -6.83% as of the latest report on August 15, 2017. Short interest decreased 294,481 over that timeframe. Days to cover increased from 0.0 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. expanded its ownership by buying 1,150 shares an increase of 4.6% from 03/31/2017 to 06/30/2017. Fagan Associates, Inc. claims 26,035 shares with a value of $1,160,000. The value of the position overall is up by 8.8%. Lombard Odier Asset Management (usa) Corp grew its stake by buying 185,886 shares an increase of 20.0% as of 06/30/2017. Lombard Odier Asset Management (usa) Corp currently owns 1,114,995 shares valued at $3,791,000. The total value of its holdings decreased 2.1%.

Kcg Holdings, Inc. added to its holdings by buying 18,057 shares an increase of 177.2%. Kcg Holdings, Inc. controls 28,250 shares worth $96,000. The total value of its holdings increased 123.3%. As of quarter end Integral Derivatives, LLC had sold a total of 2,800 shares trimming its stake by 14.3%. The value of the investment in NQ Mobile Inc. American Deposit went from $82,000 to $57,000 a change of $25,000 quarter to quarter.

The company is now unchanged by 0.00% percent from yesterday’s close. Shares last traded at $3.56 which is slightly above the 50 day moving average which is $3.45 and slightly below the 200 day moving average of $3.61. The 50 day moving average went up $0.11 or +3.10% whereas the 200 day average was down by -1.33%.

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..