Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) Sees Significant Decrease in Short Interest

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 180,799 shares, a drop of 63.8% from the March 15th total of 500,053 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 74,056 shares, the short-interest ratio is currently 2.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Amber International in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Amber International presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Amber International

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of Amber International in the 4th quarter worth $71,000. Millennium Management LLC grew its stake in shares of Amber International by 109.5% in the 4th quarter. Millennium Management LLC now owns 61,098 shares of the company’s stock worth $106,000 after buying an additional 31,932 shares in the last quarter. Clear Street Group Inc. purchased a new position in shares of Amber International in the 4th quarter worth $157,000. SmartHarvest Portfolios LLC purchased a new position in shares of Amber International in the 4th quarter worth $35,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Amber International in the 3rd quarter worth $191,000.

Amber International Trading Down 9.5%

NASDAQ:AMBR opened at $2.01 on Friday. The business’s 50-day moving average is $2.39 and its 200 day moving average is $2.26. Amber International has a 12 month low of $1.23 and a 12 month high of $12.84. The company has a market capitalization of $17.85 million, a P/E ratio of 50.25 and a beta of 0.78.

About Amber International

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.