Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Up 108.9% in January

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,180,000 shares, an increase of 108.9% from the December 31st total of 2,480,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Ardagh Metal Packaging

Large investors have recently bought and sold shares of the stock. Ballentine Partners LLC acquired a new position in shares of Ardagh Metal Packaging in the 3rd quarter worth approximately $42,000. nVerses Capital LLC increased its position in shares of Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock worth $46,000 after acquiring an additional 5,000 shares in the last quarter. Quarry LP purchased a new position in shares of Ardagh Metal Packaging in the second quarter worth approximately $45,000. Signaturefd LLC increased its position in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company's stock worth $71,000 after acquiring an additional 3,515 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company's stock worth $122,000 after acquiring an additional 16,786 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Down 0.2 %

Ardagh Metal Packaging stock traded down $0.01 during trading hours on Wednesday, hitting $2.78. 221,581 shares of the company traded hands, compared to its average volume of 1,257,559. The firm has a market cap of $1.66 billion, a P/E ratio of -23.12, a P/E/G ratio of 0.55 and a beta of 0.65. The firm's 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $3.47. Ardagh Metal Packaging has a 1-year low of $2.66 and a 1-year high of $4.26.

Wall Street Analyst Weigh In

AMBP has been the topic of several recent research reports. Bank of America downgraded shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and cut their price objective for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. Citigroup cut their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $3.60 to $3.10 in a research report on Monday, January 13th. Finally, UBS Group cut their price objective on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $3.37.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.

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