AmBase Corp. (OTCMKTS:ABCP) Sees Significant Increase in Short Interest

AmBase Corp. (OTCMKTS:ABCP) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 20,388 shares, an increase of 85.3% from the January 15th total of 11,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 22,342 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 22,342 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.1% of the shares of the stock are short sold.

AmBase Stock Performance

ABCP opened at $0.18 on Friday. The company has a market capitalization of $15.29 million, a PE ratio of -3.60 and a beta of 0.65. The stock’s fifty day moving average is $0.20 and its 200-day moving average is $0.25. AmBase has a one year low of $0.17 and a one year high of $0.35.

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.