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

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 137,110 shares, a decline of 36.5% from the August 15th total of 216,016 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 56,204 shares, the short-interest ratio is presently 2.4 days.

Amber International Price Performance

Shares of NASDAQ:AMBR opened at $1.97 on Friday. Amber International has a 1 year low of $0.83 and a 1 year high of $4.37. The business’s 50-day moving average is $1.25 and its 200-day moving average is $1.74. The company has a market capitalization of $185.73 million, a price-to-earnings ratio of 197.20 and a beta of 0.66.

Amber International (NASDAQ:AMBR) last released its earnings results on Friday, August 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $13.92 million during the quarter. Amber International had a positive return on equity of 1.07% and a negative net margin of 0.27%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amber International in a research report on Friday, September 4th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Trading of Amber International

A hedge fund recently raised its stake in Amber International stock. SmartHarvest Portfolios LLC lifted its stake in shares of Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) by 60.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,215 shares of the company’s stock after acquiring an additional 12,081 shares during the period. SmartHarvest Portfolios LLC owned 0.36% of Amber International worth $76,000 at the end of the most recent reporting period.

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.