Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) Stock Short Interest Report for October

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

Amber International Trading Up 1.9%

Shares of AMBR stock traded up $0.03 during midday trading on Monday, reaching $1.80. 38,497 shares of the stock were exchanged, compared to its average volume of 200,136. The company’s 50 day moving average is $1.53 and its two-hundred day moving average is $1.86. The firm has a market cap of $170.07 million, a PE ratio of 180.58 and a beta of 0.68. Amber International has a 1 year low of $0.83 and a 1 year high of $3.16.

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

Analyst Ratings Changes

Several research firms recently commented on AMBR. Wall Street Zen upgraded shares of Amber International to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings upgraded Amber International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.