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Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantees and financial services to clients in the public and private sectors worldwide. The company operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantee insurance and other credit enhancement products in the U.S. public finance market, the U.S. structured finance and asset-backed market, and the international finance market. The Financial Services segment manages interest rate swap and investment agreement run off businesses for municipalities and other public entities, health care organizations, investor-owned utilities, and asset-backed issuers. Ambac Financial Group was founded in 1971 and is headquartered in New York, New York.

SAN FRANCISCO (MarketWatch) -- Ambac Financial Group abk (ABK 0.99, +0.35, +54.33%) jumped 17% in Thursday's evening trading session after the struggling bond insurer reported quarterly results. Ambac said fourth-quarter net income was $558.1 million, or $1.93 a share. That compares to a net loss of $2.34 billion, or $8.14 a share, in the same period a year earlier. Ambac shares climbed 17% to 75 cents in after-hours action.

ABK dollar land coming imo.

http://shortsqueeze.com/?symbol=abk

AMBAC Financial Group Inc. $ 0.64
ABK 0.03

Short Interest (Shares Short) 54,472,400
Days To Cover (Short Interest Ratio) 5.9
Short Percent of Float 19.06 %
Short Interest - Prior 55,659,700
Short % Increase / Decrease -2.13 %
Short Squeeze Ranking™ -32

% From 52-Wk High ($ 2.09 ) -225.55 %
% From 52-Wk Low ($ 0.52 ) 19.78 %
% From 200-Day MA ($ 0.92 ) -43.30 %
% From 50-Day MA ($ 0.69 ) -7.48 %
Price % Change (52-Week) -28.30 %

Shares Float 285,808,831
Total Shares Outstanding 287,589,393
% Owned by Insiders 0.60 %
% Owned by Institutions 46.30 %
Market Cap. $ 184,488,596
Trading Volume - Today 16,485,633
Trading Volume - Average 9,264,500
Trading Volume - Today vs. Average 177.94 %
Earnings Per Share -10.67
PE Ratio
Record Date 2010-MarB

Sector Financial
Industry Surety & Title Insurance
Exchange NY

ABK 1.17 in pre market

ABK 1.50 congrats to all who got in.

$2.21 printing.

ABK Nice close today currently trading at 2.16 in after hours.

After hours close 2.18

Nice move over the past couple of days Lets watch this and see if we can break 1.00