Ambow Education Holding Ltd. (NYSEAMERICAN:AMBO) sees sharp drop in short-term interest

Ambow Education Holding Ltd. (NYSEAMERICAN: AMBOGet a rating) benefited from a significant drop in short-term interest rates in May. As of May 31, there was short interest totaling 100 shares, down 91.7% from the May 15 total of 1,200 shares. Based on an average daily trading volume of 232,600 shares, the day-to-cover ratio is currently 0.0 day.

A hedge fund recently bought a new stake in the shares of Ambow Education. Susquehanna International Group LLP has acquired a new stake in Ambow Education Holding Ltd. (NYSEAMERICAN: AMBOGet a rating) in the 4th quarter, according to its last filing with the Securities and Exchange Commission. The company purchased 149,165 shares of the company, valued at approximately $138,000. Susquehanna International Group LLP owned approximately 0.64% of Ambow Education when it last filed with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.34% of the company’s shares.

Shares of NYSEAMERICAN AMBO traded down $0.03 during the midday session on Friday, reaching $0.58. The company had a trading volume of 1,006 shares, compared to an average volume of 245,895. Ambow Education has a 1-year low of $0.41 and a 1-year high of $2.75.

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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