Short Interest in American Shared Hospital Services (NYSEAMERICAN:AMS) Grows By 75.5%

American Shared Hospital Services (NYSEAMERICAN:AMS) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 43,700 shares, a growth of 75.5% from the February 28th total of 24,900 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 15,000 shares, the short-interest ratio is presently 2.9 days.

Institutional Trading of American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC increased its stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,225 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. Renaissance Technologies LLC owned approximately 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.16% of the company’s stock.

American Shared Hospital Services Stock Performance

Shares of AMS stock traded down $0.05 during midday trading on Friday, hitting $2.81. 3,404 shares of the company were exchanged, compared to its average volume of 43,783. American Shared Hospital Services has a 52 week low of $2.64 and a 52 week high of $4.60. The company has a market capitalization of $18.04 million, a price-to-earnings ratio of 4.68 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 1.46.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on American Shared Hospital Services in a research report on Tuesday, January 14th. They set a “hold” rating on the stock.

American Shared Hospital Services Company Profile

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia.