Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 137,110 shares, a drop of 36.5% from the August 15th total of 216,016 shares. Based on an average daily trading volume, of 56,204 shares, the short-interest ratio is presently 2.4 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Trading of Amber International
An institutional investor recently raised its stake in Amber International stock. SmartHarvest Portfolios LLC lifted its position in shares of Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR – Free Report) by 60.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,215 shares of the company’s stock after purchasing an additional 12,081 shares during the period. SmartHarvest Portfolios LLC owned about 0.36% of Amber International worth $76,000 as of its most recent SEC filing.
Amber International Price Performance
Shares of NASDAQ AMBR opened at $1.32 on Thursday. Amber International has a 1-year low of $0.83 and a 1-year high of $4.37. The business has a 50-day moving average of $1.24 and a 200-day moving average of $1.75. The company has a market capitalization of $124.45 million, a price-to-earnings ratio of 132.13 and a beta of 0.66.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Report on AMBR
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.
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