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Investment firm Ambarella, Inc. saw a 59.2% increase in short interest in January, totaling 2,340,000 shares. Research analysts provide varying ratings, with an average target price of $78.75. Ambarella saw a 2.8% stock decline in a recent trading session. The company reported ($0.28) EPS and $50.60 million in quarterly revenue, with a $2.20 billion market cap. Insiders have sold a total of $1,188,189 in shares in the last 90 days, representing 5.90% of the company’s stock. Hedge funds hold 79.74% of the company’s stock. Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing worldwide.



Read more: Ambarella, Inc. (NASDAQ:AMBA) Sees Large Increase in Short Interest