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

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

Institutional Investors Weigh In On Ambac Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP boosted its holdings in Ambac Financial Group by 397.4% in the second quarter. Marshall Wace LLP now owns 345,715 shares of the company’s stock valued at $4,432,000 after purchasing an additional 276,210 shares during the last quarter. Western Standard LLC acquired a new position in shares of Ambac Financial Group in the 3rd quarter valued at about $3,094,000. American Century Companies Inc. boosted its stake in shares of Ambac Financial Group by 19.0% in the second quarter. American Century Companies Inc. now owns 797,096 shares of the company’s stock worth $10,219,000 after buying an additional 127,145 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Ambac Financial Group by 19.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 744,750 shares of the company’s stock worth $8,349,000 after acquiring an additional 123,360 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Ambac Financial Group by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company’s stock valued at $2,848,000 after acquiring an additional 92,100 shares in the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Price Performance

Shares of Ambac Financial Group stock traded down $0.06 during midday trading on Friday, hitting $11.39. The company had a trading volume of 547,489 shares, compared to its average volume of 575,119. The company has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $11.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. Ambac Financial Group has a 12-month low of $10.12 and a 12-month high of $18.45.

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.