AmBase Co. (OTCMKTS:ABCP – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 13,200 shares, a growth of 12.8% from the June 30th total of 11,700 shares. Based on an average daily volume of 68,000 shares, the days-to-cover ratio is presently 0.2 days.
AmBase Stock Performance
Shares of ABCP stock opened at $0.35 on Wednesday. AmBase has a 52-week low of $0.10 and a 52-week high of $0.40. The business’s fifty day moving average is $0.27 and its 200 day moving average is $0.22. The company has a market capitalization of $14.80 million, a PE ratio of -2.52 and a beta of 0.63.
AmBase (OTCMKTS:ABCP – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.05) 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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