Ambac Financial Group Incorporated (NASDAQ:AMBC) Short Interest Increased By 2.96%

July 26, 2017 - By Peter Erickson

 Ambac Financial Group Incorporated (NASDAQ:AMBC) Short Interest Increased By 2.96%

The stock of Ambac Financial Group Incorporated (NASDAQ:AMBC) registered an increase of 2.96% in short interest. AMBC’s total short interest was 2.74 million shares in July as published by FINRA. Its up 2.96% from 2.66 million shares, reported previously. With 304,500 shares average volume, it will take short sellers 9 days to cover their AMBC’s short positions. The short interest to Ambac Financial Group Incorporated’s float is 6.06%.

It closed at $20.41 lastly. It is down 2.68% since July 26, 2016 and is uptrending. It has underperformed by 14.02% the S&P500.

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

Among 2 analysts covering Ambac Financial Group Inc. (NASDAQ:AMBC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Ambac Financial Group Inc. had 6 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Neutral” rating by M Partners given on Friday, May 12. The rating was upgraded by BTIG Research on Thursday, March 2 to “Buy”. As per Wednesday, June 21, the company rating was maintained by BTIG Research. The rating was downgraded by M Partners on Monday, December 19 to “Sell”. The stock of Ambac Financial Group, Inc. (NASDAQ:AMBC) earned “Neutral” rating by M Partners on Tuesday, December 13.

More recent Ambac Financial Group, Inc. (NASDAQ:AMBC) news were published by: Nasdaq.com which released: “Ambac Assurance Reaches Definitive Agreement On and Receives Confirmation of …” on July 19, 2017. Also Globenewswire.com published the news titled: “Ambac Comments on the Status of the Segregated Account Rehabilitation” on July 11, 2017. Globenewswire.com‘s news article titled: “Ambac Names Lisa A. Kampf as Managing Director, Investor Relations” with publication date: April 26, 2017 was also an interesting one.

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