Ambac Financial Group, Inc. (NYSE:AMBC) Short Interest Update

Ambac Financial Group, Inc. (NYSE:AMBC - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 2,340,000 shares, a decline of 32.2% from the March 15th total of 3,450,000 shares. Currently, 5.6% of the company's stock are sold short. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Ambac Financial Group

Several hedge funds have recently modified their holdings of AMBC. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Ambac Financial Group during the first quarter valued at approximately $110,000. SG Americas Securities LLC purchased a new stake in shares of Ambac Financial Group during the 1st quarter valued at $317,000. First Citizens Bank & Trust Co. bought a new stake in shares of Ambac Financial Group during the 1st quarter worth $123,000. GAMMA Investing LLC boosted its holdings in shares of Ambac Financial Group by 191.9% in the 1st quarter. GAMMA Investing LLC now owns 4,463 shares of the company's stock worth $39,000 after buying an additional 2,934 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Ambac Financial Group by 3.9% during the fourth quarter. California State Teachers Retirement System now owns 44,277 shares of the company's stock valued at $560,000 after buying an additional 1,651 shares during the period. Institutional investors own 84.49% of the company's stock.

Ambac Financial Group Stock Down 2.2 %

Shares of AMBC stock traded down $0.17 during trading hours on Wednesday, reaching $7.45. The company had a trading volume of 282,822 shares, compared to its average volume of 676,701. The company has a market cap of $380.63 million, a price-to-earnings ratio of -16.20 and a beta of 1.09. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group has a 12 month low of $6.33 and a 12 month high of $18.45. The business has a fifty day simple moving average of $8.76 and a 200-day simple moving average of $10.83.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The company had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. On average, research analysts expect that Ambac Financial Group will post 0.6 earnings per share for the current fiscal year.

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.