Short Interest To Observe: Ambac Financial Group Incorporated (NASDAQ:AMBC) Short Interest Decreased By 1.52%

November 24, 2016 - By kentuckypostne   ·   0 Comments

Short Interest To Observe: Ambac Financial Group Incorporated (NASDAQ:AMBC) Short Interest Decreased By 1.52%

The stock of Ambac Financial Group Incorporated (NASDAQ:AMBC) registered a decrease of 1.52% in short interest. AMBC’s total short interest was 1.88 million shares in November as published by FINRA. Its down 1.52% from 1.91M shares, reported previously. With 139,500 shares average volume, it will take short sellers 14 days to cover their AMBC’s short positions. The short interest to Ambac Financial Group Incorporated’s float is 4.2%. The stock increased 0.93% or $0.22 on November 23, hitting $23.83. About 270,370 shares traded hands or 2.36% up from the average. Ambac Financial Group, Inc. (NASDAQ:AMBC) has risen 41.09% since April 22, 2016 and is uptrending. It has outperformed by 35.68% the S&P500.

AMBC Company Profile

Ambac Financial Group, Inc. (Ambac), incorporated on April 29, 1991, is a financial services holding company. Ambac has two divisions: Financial Guarantee and Financial Services. The Financial Guarantee segment includes insurance policies and credit derivative contracts. The Financial Services business segment provides financial and investment products, including investment agreements, funding conduits and interest rate swaps, principally to the clients of its financial guarantee business. The Company’s subsidiaries, Ambac Assurance Corporation (Ambac Assurance), Everspan Financial Guarantee Corp. and Ambac Assurance UK Limited (Ambac UK), provide financial guarantees and other financial services to clients in both the public and private sectors across the world.

More notable recent Ambac Financial Group, Inc. (NASDAQ:AMBC) news were published by: Marketwatch.com which released: “Ambac Financial Group Inc.” on May 12, 2013, also Quotes.Wsj.com with their article: “News Ambac Financial Group Inc.AMBC” published on May 01, 2013, Reuters.com published: “JPMorgan to pay Ambac $995 million to settle RMBS-related claims” on January 26, 2016. More interesting news about Ambac Financial Group, Inc. (NASDAQ:AMBC) were released by: Reuters.com and their article: “Ambac in bid to buy CIFG Assurance: sources” published on April 04, 2016 as well as Prnewswire.com‘s news article titled: “Activist Shareholder requests Ambac Financial Group Inc. hire Investment …” with publication date: August 29, 2016.

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