Short Interest in Ambow Education Holding Ltd. (NYSEAMERICAN:AMBO) Decreases By 61.9%

Ambow Education Holding Ltd. (NYSEAMERICAN:AMBO) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 53,859 shares, a decline of 61.9% from the May 14th total of 141,457 shares. Based on an average daily volume of 37,304 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Ambow Education

A hedge fund recently bought a new stake in Ambow Education stock. Citadel Advisors LLC bought a new stake in shares of Ambow Education Holding Ltd. (NYSEAMERICAN:AMBO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,667 shares of the company’s stock, valued at approximately $64,000. Citadel Advisors LLC owned about 0.62% of Ambow Education at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.65% of the company’s stock.

Ambow Education Price Performance

Ambow Education stock traded down $0.07 during mid-day trading on Friday, hitting $2.64. 28,392 shares of the company traded hands, compared to its average volume of 34,051. Ambow Education has a one year low of $1.47 and a one year high of $6.75. The company has a current ratio of 2.53, a quick ratio of 2.51 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $2.38 and a 200-day moving average price of $2.62.

Ambow Education (NYSEAMERICAN:AMBO) last announced its earnings results on Monday, May 11th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $2.80 million for the quarter.

About Ambow Education

Ambow Education (NYSEAMERICAN:AMBO) is a China-based provider of comprehensive educational services, operating through a network of subsidiaries and proprietary learning platforms. The company offers a spectrum of programs that span K-12 supplemental tutoring, vocational and professional training, and preparatory courses for English proficiency and standardized tests. Leveraging a blend of classroom instruction and online delivery, Ambow aims to enhance student outcomes through tailored curriculum design and technology-enabled teaching tools.

The company’s offerings include after-school tutoring for core academic subjects, career-focused training programs in areas such as finance, information technology and hospitality, and test-preparation services for exams including TOEFL and IELTS.