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

Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 466,972 shares, a growth of 38.1% from the December 15th total of 338,214 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 160,840 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 160,840 shares, the short-interest ratio is currently 2.9 days. Approximately 4.6% of the company’s stock are short sold.

Institutional Trading of Amber International

Institutional investors and hedge funds have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new position in Amber International in the 3rd quarter valued at approximately $375,000. Susquehanna International Group LLP acquired a new position in shares of Amber International in the 3rd quarter valued at $191,000. Pantera Capital Partners LP acquired a new position in shares of Amber International in the 3rd quarter worth approximately $321,000. Millennium Management LLC acquired a new stake in Amber International in the 3rd quarter valued at $98,000. Finally, Citadel Advisors LLC bought a new stake in Amber International in the third quarter valued at $213,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Amber International in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Amber International presently has a consensus rating of “Sell”.

Amber International Stock Down 1.5%

Shares of NASDAQ:AMBR opened at $2.58 on Friday. The firm has a market capitalization of $26.16 million, a PE ratio of 64.50 and a beta of 0.55. The business has a 50-day moving average of $1.89. Amber International has a fifty-two week low of $1.23 and a fifty-two week high of $13.09.

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.