Short Interest in Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) Declines By 36.5%

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

Wall Street Analysts Forecast Growth

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

Amber International Price Performance

Shares of NASDAQ AMBR opened at $1.46 on Friday. The stock’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.74. The company has a market cap of $137.84 million, a price-to-earnings ratio of 143.54 and a beta of 0.66. Amber International has a 1-year low of $0.83 and a 1-year high of $4.37.

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

Institutional Trading of Amber International

A hedge fund recently bought a new stake in Amber International stock. Clear Street Group Inc. bought a new stake in Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 90,905 shares of the company’s stock, valued at approximately $157,000.

About Amber International

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.