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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amber International stock. Clear Street Group Inc. acquired a new position in shares of Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 90,905 shares of the company’s stock, valued at approximately $157,000.

Amber International Stock Up 11.9%

AMBR stock opened at $1.32 on Thursday. The stock’s 50 day moving average is $1.24 and its two-hundred day moving average is $1.75. Amber International has a 52-week low of $0.83 and a 52-week high of $4.37. The company has a market capitalization of $124.45 million, a PE ratio of 132.13 and a beta of 0.66.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Amber International in a research note on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Amber International presently has an average rating of “Hold”.

Amber International Company Profile

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.