Amber International Holding Limited – Sponsored ADR (NASDAQ:AMBR – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 315,037 shares, an increase of 77.6% from the September 30th total of 177,406 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 160,675 shares, the days-to-cover ratio is currently 2.0 days.
Analysts Set New Price Targets
AMBR has been the subject of a number of analyst reports. Wall Street Zen raised Amber International to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings raised shares of Amber International from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Research Report on AMBR
Amber International Price Performance
NASDAQ AMBR opened at $1.90 on Tuesday. The business’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $1.86. Amber International has a 1-year low of $0.83 and a 1-year high of $3.16. The firm has a market capitalization of $179.13 million, a P/E ratio of 190.19 and a beta of 0.68.
Amber International (NASDAQ:AMBR – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.02 EPS for the quarter. Amber International had a positive return on equity of 1.07% and a negative net margin of 0.27%. The company had revenue of $13.92 million for the quarter.
Amber International Company Profile
Amber International Holding Limited (NASDAQ: AMBR) is a digital asset company that provides trading and related financial services through its technology platform. The company’s activities include digital asset trading, liquidity provision, custody and financing services, as well as infrastructure solutions designed for institutional and other professional market participants.
Its platform is intended to serve a range of clients, including institutions, corporate customers and individual users.
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