After Reaching Milestone, Is Ambac Financial Group Inc (NASDAQ:AMBC)’s Short Interest Revealing Something?

April 17, 2018 - By Michael Collier

Ambac Financial Group, Inc. (NASDAQ:AMBC) Logo

The stock of Ambac Financial Group Inc (NASDAQ:AMBC) registered an increase of 1.93% in short interest. AMBC’s total short interest was 2.11 million shares in April as published by FINRA. Its up 1.93% from 2.07M shares, reported previously. With 382,600 shares average volume, it will take short sellers 6 days to cover their AMBC’s short positions. The short interest to Ambac Financial Group Inc’s float is 4.7%.

The stock increased 0.39% or $0.07 during the last trading session, reaching $17.81. About 306,855 shares traded. Ambac Financial Group, Inc. (NASDAQ:AMBC) has declined 13.71% since April 17, 2017 and is downtrending. It has underperformed by 25.26% the S&P500.

Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. The company has market cap of $807.37 million. It operates through two divisions, Financial Guarantee and Financial Services. It currently has negative earnings. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.

Ambac Financial Group, Inc. (NASDAQ:AMBC) Ratings Chart

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