AmBase Corp. (OTCMKTS:ABCP) Short Interest Up 31.7% in March

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

AmBase Stock Up 3.2%

OTCMKTS:ABCP opened at $0.16 on Tuesday. The company has a fifty day moving average of $0.18 and a 200-day moving average of $0.22. The firm has a market capitalization of $13.59 million, a P/E ratio of -3.20 and a beta of 0.65. AmBase has a twelve month low of $0.14 and a twelve month 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.