Ambac Financial Group, Inc. (NASDAQ:AMBC) Short Interest Update

Share on StockTwits

Ambac Financial Group, Inc. (NASDAQ:AMBC) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,670,000 shares, a drop of 6.2% from the October 31st total of 1,780,000 shares. Based on an average daily trading volume, of 237,600 shares, the days-to-cover ratio is presently 7.0 days. Approximately 3.7% of the company’s shares are short sold.

A number of brokerages recently commented on AMBC. MKM Partners set a $20.00 price objective on Ambac Financial Group and gave the stock a “hold” rating in a research report on Wednesday, September 18th. BTIG Research reiterated a “buy” rating and set a $26.00 price objective on shares of Ambac Financial Group in a research report on Sunday, September 22nd. Finally, BidaskClub downgraded Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th.

Shares of Ambac Financial Group stock opened at $20.82 on Monday. Ambac Financial Group has a one year low of $14.44 and a one year high of $21.95. The company has a market cap of $944.33 million, a price-to-earnings ratio of 5.84 and a beta of 1.06. The company has a debt-to-equity ratio of 4.49, a quick ratio of 1.30 and a current ratio of 1.30. The business’s 50 day moving average price is $20.27 and its 200 day moving average price is $18.28.

Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.45. Ambac Financial Group had a positive return on equity of 10.17% and a negative net margin of 27.53%. The firm had revenue of $216.16 million for the quarter, compared to the consensus estimate of $138.68 million. During the same quarter last year, the business posted ($0.48) earnings per share. The firm’s revenue was up 61.3% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of AMBC. Bank of Montreal Can raised its position in Ambac Financial Group by 733.9% in the second quarter. Bank of Montreal Can now owns 4,303 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 3,787 shares during the period. Crossmark Global Holdings Inc. raised its position in Ambac Financial Group by 5.6% in the second quarter. Crossmark Global Holdings Inc. now owns 14,800 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 790 shares during the period. Jefferies Group LLC purchased a new stake in Ambac Financial Group in the second quarter valued at $344,000. GSA Capital Partners LLP purchased a new stake in Ambac Financial Group in the second quarter valued at $348,000. Finally, Mraz Amerine & Associates Inc. raised its position in Ambac Financial Group by 10.0% in the second quarter. Mraz Amerine & Associates Inc. now owns 22,100 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 79.09% of the company’s stock.

About Ambac Financial Group

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.

See Also: Bond

Receive News & Ratings for Ambac Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambac Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.