Ambow Education Holding Ltd. (NYSEAMERICAN: AMBO – Get Rating) benefited from a significant drop in short interest during the month of March. As of March 31, there was short interest totaling 11,300 shares, down 81.5% from the March 15 total of 61,200 shares. Based on an average trading volume of 165,000 shares, the short-term interest rate ratio is currently 0.1 day.
Shares of NYSEAMERICAN:AMBO traded down $0.02 during trading hours on Wednesday, hitting $0.66. The stock had a trading volume of 33,599 shares, compared to an average volume of 165,640. Ambow Education has a 1-year low of $0.41 and a 1-year high of $3.19. The company has a market capitalization of $15.42 million, a P/E ratio of -1.44 and a beta of -14.99.
An institutional investor recently bought a new position in Ambow Education shares. Millennium Management LLC has acquired a new position in the shares of Ambow Education Holding Ltd. (NYSEAMERICAN: AMBO – Get Rating) during Q2, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund acquired 12,400 shares of the company, valued at around $30,000. Millennium Management LLC held 0.05% of Ambow Education when it last filed with the Securities and Exchange Commission. 1.13% of the shares are held by institutional investors and hedge funds.
About Ambow Education (Get a rating)
Ambow Education Holding Ltd. provides a range of education and career enhancement services and products to students, recent graduates, corporate employees and management professionals in the People’s Republic of China. The Company operates through two segments, K-12 schools and CP&CE programs.
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