Is Buying Amber Road Incorporated (NYSE:AMBR), Having Lower Short Interest a Winning Strategy?

July 26, 2017 - By Richard Conner

 Is Buying Amber Road Incorporated (NYSE:AMBR), Having Lower Short Interest a Winning Strategy?

Investors sentiment decreased to 1.55 in Q4 2016. Its down 1.05, from 2.6 in 2016Q3. It turned negative, as 11 investors sold Amber Road Inc shares while 22 reduced holdings. 21 funds opened positions while 30 raised stakes. 16.34 million shares or 8.50% more from 15.06 million shares in 2016Q3 were reported.
Goldman Sachs Group Inc Inc owns 21,531 shares. Vanguard Inc reported 634,572 shares. Northern Trust Corporation invested 0% in Amber Road Inc (NYSE:AMBR). Mycio Wealth Partners Ltd Limited Liability Company holds 21,718 shares or 0.03% of its portfolio. Walleye Trading Ltd Liability Corporation holds 0% or 3,100 shares. Cortina Asset Mgmt Limited Liability Company invested in 706,336 shares or 0.27% of the stock. American Gp Inc reported 10,185 shares stake. Cubist Systematic Strategies Lc accumulated 18,225 shares or 0.01% of the stock. Geode Capital Mgmt Ltd holds 0% or 131,794 shares. State Street Corporation has invested 0% in Amber Road Inc (NYSE:AMBR). Aqr Cap Ltd has invested 0% in Amber Road Inc (NYSE:AMBR). Kornitzer Cap Mngmt Inc Ks stated it has 122,700 shares. Tower Rech Capital Lc (Trc) reported 0% in Amber Road Inc (NYSE:AMBR). Strs Ohio owns 63,600 shares for 0% of their portfolio. Barclays Public Limited Company has invested 0% in Amber Road Inc (NYSE:AMBR).

Since February 21, 2017, it had 0 insider buys, and 11 selling transactions for $13.90 million activity. 258,578 shares valued at $1.97M were sold by Cross Atlantic Capital Partners – Inc. on Thursday, March 30. On Tuesday, May 30 the insider Cooke Albert C III sold $30,529. The insider CALDWELL DONALD R sold 258,578 shares worth $1.97 million. $82,435 worth of stock was sold by Conway Thomas E on Friday, February 24.

The stock of Amber Road Incorporated (NYSE:AMBR) registered a decrease of 23.52% in short interest. AMBR’s total short interest was 563,700 shares in July as published by FINRA. Its down 23.52% from 737,100 shares, reported previously. With 94,000 shares average volume, it will take short sellers 6 days to cover their AMBR’s short positions.

It closed at $9.46 lastly. It is down 46.06% since July 26, 2016 and is uptrending. It has outperformed by 29.36% the S&P500.

Amber Road, Inc. is a provider of cloud global trade management solutions. The company has market cap of $257.04 million. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers. It currently has negative earnings. The Firm delivers its GTM solution using a software-as-a-service (SaaS) model.

Amber Road Inc (NYSE:AMBR) Ratings Coverage

Among 6 analysts covering Amber Road (NYSE:AMBR), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amber Road had 11 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, August 5 by FBR Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 12. The rating was maintained by Stifel Nicolaus on Friday, August 5 with “Buy”. Needham maintained the stock with “Buy” rating in Friday, August 7 report. Needham reinitiated it with “Buy” rating and $7.0 target in Monday, September 28 report. The firm has “Outperform” rating given on Monday, August 15 by Raymond James. The stock of Amber Road Inc (NYSE:AMBR) has “Buy” rating given on Monday, June 12 by Ladenburg. The stock of Amber Road Inc (NYSE:AMBR) earned “Buy” rating by Canaccord Genuity on Friday, August 7. Needham maintained it with “Buy” rating and $11 target in Monday, June 20 report.

More news for Amber Road Inc (NYSE:AMBR) were recently published by: Fool.com, which released: “Why Amber Road Inc. Stock Fell Sharply” on February 17, 2017. Seekingalpha.com‘s article titled: “Amber Road: The Road To $3.50 (>65% Downside)” and published on November 11, 2016 is yet another important article.

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