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

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

Ambac Financial Group Price Performance

Ambac Financial Group stock opened at $11.39 on Monday. The stock has a market cap of $540.53 million, a P/E ratio of -24.77 and a beta of 1.24. 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 current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group has a 12-month low of $10.12 and a 12-month high of $18.45.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMBC. Texas Permanent School Fund Corp increased its stake in Ambac Financial Group by 26.1% in the second quarter. Texas Permanent School Fund Corp now owns 49,890 shares of the company’s stock valued at $640,000 after purchasing an additional 10,336 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Ambac Financial Group by 19.0% in the 2nd quarter. American Century Companies Inc. now owns 797,096 shares of the company’s stock valued at $10,219,000 after buying an additional 127,145 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ambac Financial Group by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,952,961 shares of the company’s stock valued at $37,857,000 after buying an additional 87,077 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Ambac Financial Group during the 2nd quarter worth $206,000. Finally, Public Sector Pension Investment Board lifted its position in Ambac Financial Group by 3.4% in the second quarter. Public Sector Pension Investment Board now owns 171,456 shares of the company’s stock valued at $2,198,000 after acquiring an additional 5,664 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Company Profile

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.