Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) Short Interest Update

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 279,011 shares, a growth of 54.3% from the March 31st total of 180,799 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily volume of 56,007 shares, the days-to-cover ratio is currently 5.0 days.

Amber International Price Performance

NASDAQ:AMBR opened at $2.39 on Tuesday. The business has a fifty day moving average price of $2.42 and a 200-day moving average price of $2.17. Amber International has a one year low of $1.23 and a one year high of $12.84. The firm has a market capitalization of $21.22 million, a price-to-earnings ratio of 59.75 and a beta of 0.78.

Hedge Funds Weigh In On Amber International

Large investors have recently made changes to their positions in the business. Two Sigma Investments LP purchased a new stake in Amber International during the 3rd quarter valued at approximately $42,000. Qube Research & Technologies Ltd purchased a new position in shares of Amber International in the third quarter worth $52,000. SmartHarvest Portfolios LLC bought a new position in shares of Amber International during the fourth quarter worth $35,000. Millennium Management LLC purchased a new position in Amber International during the third quarter valued at $98,000. Finally, XTX Topco Ltd purchased a new position in Amber International during the fourth quarter valued at $71,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Amber International in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.