Jun. 9 at 3:20 PM
$AMBC Shorters are covering, because they prepare report of the sale of the legacy unit and they are going long too. Shorts interest was near 10 million shares at the top, now they report this:
Ambac Financial Group, Inc. (NYSE:AMBC - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 2,110,000 shares, a drop of 24.1% from the April 30th total of 2,780,000 shares.
https://www.marketbeat.com/instant-alerts/short-interest-in-ambac-financial-group-inc-nyseambc-declines-by-241-2025-06-02/