The stock of Ambarella Ord (NASDAQ:AMBA) registered an increase of 1.13% in short interest. AMBA’s total short interest was 7.02 million shares in September as published by FINRA. Its up 1.13% from 6.94M shares, reported previously. With 1.21M shares average volume, it will take short sellers 6 days to cover their AMBA’s short positions. The short interest to Ambarella Ord’s float is 22.41%. The stock decreased 0.72% or $0.48 during the last trading session, hitting $65.83. About 792,875 shares traded hands. Ambarella Inc (NASDAQ:AMBA) has risen 89.24% since February 8, 2016 and is uptrending. It has outperformed by 72.75% the S&P500.
Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $2.25 billion. The Firm operates through the development and sale of low-power, high-definition video products segment. It has a 49.68 P/E ratio. The Company’s system-on-a-chip creates incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.33, from 0.73 in 2016Q1. The ratio improved, as 31 funds sold all Ambarella Inc shares owned while 50 reduced positions. 30 funds bought stakes while 56 increased positions. They now own 16.03 million shares or 1.92% more from 15.73 million shares in 2016Q1.
Messner & Smith Theme Value Investment Management Ltd Ca holds 4.4% of its portfolio in Ambarella Inc for 46,961 shares. Van Berkom & Associates Inc. owns 710,147 shares or 1.65% of their US portfolio. Moreover, Tide Point Capital Management Lp has 1.54% invested in the company for 400,000 shares. The Tennessee-based Reliant Investment Management Llc has invested 1.36% in the stock. Rice Hall James & Associates Llc, a California-based fund reported 310,746 shares.
Out of 13 analysts covering Ambarella (NASDAQ:AMBA), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. Ambarella has been the topic of 24 analyst reports since September 29, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained the stock on September 2 with “Buy” rating.
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