Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) saw a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 2,390,000 shares, a drop of 5.2% from the December 15th total of 2,520,000 shares. Based on an average daily volume of 524,800 shares, the short-interest ratio is currently 4.6 days. Currently, 5.4% of the shares of the company are short sold.
Ambac Financial Group Stock Up 2.3 %
Shares of NYSE AMBC opened at $17.29 on Monday. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.47 and a quick ratio of 1.47. Ambac Financial Group has a 52 week low of $7.24 and a 52 week high of $17.59. The company has a 50-day moving average of $16.24. The firm has a market capitalization of $777.53 million, a PE ratio of 2.42 and a beta of 1.18.
Ambac Financial Group (NYSE:AMBC – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $7.37 EPS for the quarter. Ambac Financial Group had a net margin of 96.15% and a return on equity of 35.58%. The firm had revenue of $80.00 million during the quarter.
Institutional Trading of Ambac Financial Group
Wall Street Analyst Weigh In
Several research firms have recently commented on AMBC. StockNews.com began coverage on shares of Ambac Financial Group in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Compass Point began coverage on shares of Ambac Financial Group in a research note on Monday, November 28th. They issued a “neutral” rating and a $18.00 target price for the company.
About Ambac Financial Group
Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.
- Get a free copy of the StockNews.com research report on Ambac Financial Group (AMBC)
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