Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) Sees Large Drop in Short Interest

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 338,214 shares, a decrease of 73.4% from the November 30th total of 1,272,773 shares. Based on an average daily volume of 394,388 shares, the short-interest ratio is presently 0.9 days. Approximately 3.7% of the company’s shares are sold short. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 394,388 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Amber International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Amber International

Hedge funds have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Amber International in the third quarter valued at about $375,000. Pantera Capital Partners LP purchased a new position in Amber International during the third quarter worth about $321,000. Citadel Advisors LLC bought a new stake in Amber International in the 3rd quarter worth about $213,000. Susquehanna International Group LLP purchased a new stake in Amber International in the 3rd quarter valued at about $191,000. Finally, Millennium Management LLC bought a new position in shares of Amber International during the 3rd quarter worth approximately $98,000.

Amber International Stock Up 2.2%

AMBR stock opened at $1.85 on Friday. The firm has a 50 day moving average of $1.80. Amber International has a twelve month low of $1.23 and a twelve month high of $13.09. The company has a market capitalization of $18.75 million, a price-to-earnings ratio of 46.23 and a beta of 0.56.

Amber International Company Profile

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.