AmBase Corp. (OTCMKTS:ABCP – Get Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 15,900 shares, a growth of 26.2% from the May 15th total of 12,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 37,200 shares, the days-to-cover ratio is currently 0.4 days.
AmBase Stock Down 4.9%
AmBase stock opened at $0.30 on Wednesday. The firm has a 50 day moving average price of $0.30 and a 200-day moving average price of $0.30. AmBase has a twelve month low of $0.24 and a twelve month high of $0.46. The company has a market capitalization of $25.82 million, a P/E ratio of -4.34 and a beta of 0.54.
AmBase (OTCMKTS:ABCP – Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The financial services provider reported ($0.02) earnings per share for the quarter.
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.
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