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

Key Points

• Short interest surged 77.6% to 315,037 shares as of October 15, representing 0.4% of outstanding shares and a days-to-cover ratio of 2.0.
• Analyst sentiment remains mixed: one analyst rates Amber International a Buy and another a Sell, resulting in an overall “Hold” rating.
• Shares rose 10.6% to $1.77, while the company’s latest quarter showed $0.02 in earnings per share and $13.92 million in revenue; its market capitalization is approximately $166.9 million.

Amber International Holding Limited - Sponsored ADR (NASDAQ:AMBR - Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 315,037 shares, a growth of 77.6% from the September 30th total of 177,406 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 160,675 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings raised shares of Amber International from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday, September 18th. Wall Street Zen raised shares of Amber International to a "hold" rating in a research note on Saturday, October 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold".

Amber International Stock Up 10.6%

NASDAQ:AMBR traded up $0.17 on Friday, reaching $1.77. 91,349 shares of the company's stock traded hands, compared to its average volume of 124,878. The stock has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.86. Amber International has a 12 month low of $0.83 and a 12 month high of $3.16. The firm has a market cap of $166.88 million, a PE ratio of 177.18 and a beta of 0.68.

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

About Amber International

Amber International Holding Limited NASDAQ: AMBR is a digital asset company that provides trading and related financial services through its technology platform. The company's activities include digital asset trading, liquidity provision, custody and financing services, as well as infrastructure solutions designed for institutional and other professional market participants.

Its platform is intended to serve a range of clients, including institutions, corporate customers and individual users.

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