Short Interest in AmBase Corp. (OTCMKTS:ABCP) Expands By 31.7%

AmBase Corp. (OTCMKTS:ABCP) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 18,399 shares, an increase of 31.7% from the February 26th total of 13,972 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 93,973 shares, the days-to-cover ratio is presently 0.2 days.

AmBase Stock Up 0.3%

ABCP opened at $0.16 on Friday. The firm’s 50 day moving average is $0.18 and its 200-day moving average is $0.22. AmBase has a 52-week low of $0.14 and a 52-week high of $0.35. The firm has a market capitalization of $13.17 million, a P/E ratio of -3.10 and a beta of 0.65.

About AmBase

AmBase Corporation does not have significant operations. Previously, it invested in a real estate development property. The company was incorporated in 1975 and is headquartered in Coral Springs, Florida.