Replies to post #4375 on Ambac Financial Group Inc (AMBC)

[Ole Broke Azz]

Tuesday , November 24, 2009 15:00ET

According to new short interest data from NYSE, short interest for Ambac Financial Group Inc (NYSE: ABK) INCREASED 12.2% to 50,322,526 shares as reported in mid-November, 2009.

SYMBOL END OCTOBER MID NOVEMBER CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
ABK 44,868,804 50,322,526 +5,453,722 +12.15% 5
Based on ABK's 20-day average daily share volume of 10,719,310, it would require approximately 5 day(s) of buying to cover this short interest.

[Ole Broke Azz]

It looks as though the market is responding favorably to that news