NQ Mobile Inc. American Deposit (NYSE:NQ) Stock Closed 9.0% Above Its 50 Day Moving Average


Shares are trading at $3.76 barely above the 50 day moving average of $3.45 and marginally over the 200 day moving average of $3.61. The 50 day moving average was up by +9.04% whereas the 200 day moving average was up $0.15 or +4.04%. NQ Mobile Inc. American Deposit shares had a trading volume of 176K in the last trading session. Trading volume was down 90.01% under the stocks average daily volume.

Traders are more bullish on shares of the company lately looking at the downtick in short interest. The stock saw a fall in short interest of -6.83% as of the latest report on August 15, 2017. Short shares fell from 4,309,695 to 4,015,214 over that timeframe. With short interest at 4,015,214 and short average daily volume at 253,063, the short-interest ratio is 16.0 and the percentage of shorted shares is 0.04% as of August 15.

These funds have shifted positions in (NQ). Fagan Associates, Inc. bolstered its holdings by buying 1,150 shares an increase of 4.6%. Fagan Associates, Inc. now holds 26,035 shares with a value of $1,160,000. The value of the position overall is up by 8.8%. As of quarter end Lombard Odier Asset Management (usa) Corp had acquired a total of 185,886 shares growing its stake by 20.0%. The value of the company’s investment in NQ Mobile Inc. American Deposit decreased from $3,874,000 to $3,791,000 a change of 2.1% for the reporting period.

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 investment in (NQ) went from $43,000 to $96,000 a change of $53,000 quarter to quarter. Integral Derivatives, LLC trimmed its stake by shedding 2,800 shares a decrease of 14.3% from 03/31/2017 to 06/30/2017. Integral Derivatives, LLC currently owns 16,800 shares worth $57,000. The total value of its holdings decreased 30.5%.

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..