Short Interest in Ambac Financial Group, Inc. (NYSE:AMBC) Decreases By 13.2%

Ambac Financial Group, Inc. (NYSE:AMBC - Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,640,000 shares, a decrease of 13.2% from the March 15th total of 1,890,000 shares. Currently, 4.0% of the company's shares are short sold. Based on an average daily volume of 371,100 shares, the days-to-cover ratio is currently 4.4 days.

Institutional Trading of Ambac Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gyon Technologies Capital Management LP bought a new position in shares of Ambac Financial Group in the fourth quarter valued at approximately $28,000. Point72 Hong Kong Ltd bought a new stake in Ambac Financial Group during the 1st quarter valued at $26,000. Gladius Capital Management LP raised its holdings in Ambac Financial Group by 71.3% in the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company's stock worth $31,000 after purchasing an additional 1,052 shares in the last quarter. Quarry LP raised its holdings in Ambac Financial Group by 75.1% in the 1st quarter. Quarry LP now owns 2,660 shares of the company's stock worth $41,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Ambac Financial Group by 45.6% in the 2nd quarter. Royal Bank of Canada now owns 4,878 shares of the company's stock worth $70,000 after purchasing an additional 1,527 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Stock Down 1.0 %

Shares of Ambac Financial Group stock traded down $0.15 during trading hours on Friday, reaching $14.95. The company's stock had a trading volume of 364,699 shares, compared to its average volume of 361,784. Ambac Financial Group has a one year low of $11.26 and a one year high of $17.80. The company has a market capitalization of $676.04 million, a P/E ratio of 99.67 and a beta of 1.30. The stock's fifty day simple moving average is $15.58 and its two-hundred day simple moving average is $14.87. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.29. The firm had revenue of $76.00 million for the quarter. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. During the same period last year, the business posted $4.18 earnings per share. On average, research analysts forecast that Ambac Financial Group will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ambac Financial Group from a "sell" rating to a "hold" rating in a research note on Monday, April 8th.

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.