Ambac Financial Group, Inc. (NYSE:AMBC) Short Interest Down 6.0% in December

Ambac Financial Group, Inc. (NYSE:AMBC) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 4,050,000 shares, a decline of 6.0% from the December 15th total of 4,310,000 shares. Based on an average trading volume of 590,200 shares, the days-to-cover ratio is presently 6.9 days. Approximately 9.5% of the shares of the stock are short sold.

Ambac Financial Group Trading Down 0.5 %

AMBC traded down $0.06 during midday trading on Friday, hitting $11.39. 547,489 shares of the company traded hands, compared to its average volume of 575,119. The business has a 50 day simple moving average of $12.35 and a two-hundred day simple moving average of $11.86. Ambac Financial Group has a 52-week low of $10.12 and a 52-week high of $18.45. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PDT Partners LLC lifted its holdings in Ambac Financial Group by 1.7% in the 3rd quarter. PDT Partners LLC now owns 63,382 shares of the company’s stock valued at $711,000 after purchasing an additional 1,032 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Ambac Financial Group by 0.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company’s stock valued at $1,935,000 after acquiring an additional 1,200 shares during the last quarter. Quarry LP boosted its holdings in shares of Ambac Financial Group by 830.7% during the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after purchasing an additional 2,110 shares during the last quarter. Caxton Associates LP increased its stake in shares of Ambac Financial Group by 10.9% in the 2nd quarter. Caxton Associates LP now owns 25,277 shares of the company’s stock worth $324,000 after acquiring an additional 2,485 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Ambac Financial Group in the third quarter valued at about $46,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

About Ambac Financial Group

Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.