The stock of Amber Road Incorporated (NYSE:AMBR) registered a decrease of 23.65% in short interest. AMBR’s total short interest was 934,900 shares in September as published by FINRA. Its down 23.65% from 1.22 million shares, reported previously. With 363,500 shares average volume, it will take short sellers 3 days to cover their AMBR’s short positions. The short interest to Amber Road Incorporated’s float is 7.76%. The stock decreased 3.74% or $0.38 on September 13, hitting $9.79. About 159,243 shares traded hands. Amber Road Inc (NYSE:AMBR) has risen 174.12% since February 8, 2016 and is uptrending. It has outperformed by 157.64% the S&P500.
Amber Road, Inc. is a provider of cloud global trade management solutions. The company has a market cap of $260.59 million. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers. It currently has negative earnings. The Firm delivers its GTM solution using a software-as-a-service (SaaS) model.
The institutional sentiment increased to 2.17 in Q2 2016. Its up 0.85, from 1.32 in 2016Q1. The ratio improved, as 3 funds sold all Amber Road Inc shares owned while 15 reduced positions. 13 funds bought stakes while 26 increased positions. They now own 13.88 million shares or 2.98% more from 13.48 million shares in 2016Q1.
Murphy Michael R holds 7.81% of its portfolio in Amber Road Inc for 2.58 million shares. Gagnon Securities Llc owns 1.51 million shares or 5.57% of their US portfolio. Moreover, G2 Investment Partners Management Llc has 4.95% invested in the company for 1.39 million shares. The New York-based Gagnon Advisors Llc has invested 4.91% in the stock. Needham Investment Management Llc, a New York-based fund reported 1.04 million shares.
Out of 5 analysts covering Amber Road (NYSE:AMBR), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Amber Road has been the topic of 7 analyst reports since September 28, 2015 according to StockzIntelligence Inc. FBR Capital maintained the stock on August 5 with “Outperform” rating.
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