Ambac Financial Group, Inc. (NYSE:AMBC) Short Interest Update

Ambac Financial Group, Inc. (NYSE:AMBC) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 4,050,000 shares, a decrease of 6.0% from the December 15th total of 4,310,000 shares. Based on an average daily trading volume, of 590,200 shares, the days-to-cover ratio is presently 6.9 days. Currently, 9.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP raised its holdings in Ambac Financial Group by 397.4% in the 2nd quarter. Marshall Wace LLP now owns 345,715 shares of the company’s stock worth $4,432,000 after purchasing an additional 276,210 shares in the last quarter. Western Standard LLC purchased a new stake in Ambac Financial Group in the third quarter worth about $3,094,000. American Century Companies Inc. boosted its position in Ambac Financial Group by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 797,096 shares of the company’s stock valued at $10,219,000 after acquiring an additional 127,145 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Ambac Financial Group by 19.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 744,750 shares of the company’s stock worth $8,349,000 after acquiring an additional 123,360 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Ambac Financial Group by 56.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company’s stock worth $2,848,000 after acquiring an additional 92,100 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Trading Down 0.5 %

Shares of NYSE:AMBC traded down $0.06 during midday trading on Friday, hitting $11.39. 547,489 shares of the stock traded hands, compared to its average volume of 575,119. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $540.53 million, a PE ratio of -24.77 and a beta of 1.24. Ambac Financial Group has a one year low of $10.12 and a one year high of $18.45. The business’s 50 day moving average is $12.35 and its two-hundred day moving average is $11.86.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.