American Shared Hospital Services (NYSEAMERICAN:AMS) Sees Significant Growth in Short Interest

American Shared Hospital Services (NYSEAMERICAN:AMS) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 107,791 shares, a growth of 5,482.1% from the April 15th total of 1,931 shares. Based on an average daily volume of 297,770 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.1% of the company’s stock are short sold.

Hedge Funds Weigh In On American Shared Hospital Services

A hedge fund recently bought a new stake in American Shared Hospital Services stock. DRW Securities LLC acquired a new stake in American Shared Hospital Services (NYSEAMERICAN:AMS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,481 shares of the company’s stock, valued at approximately $107,000. DRW Securities LLC owned 0.77% of American Shared Hospital Services 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 Trading Down 8.5%

Shares of AMS opened at $1.73 on Wednesday. The firm has a fifty day simple moving average of $1.70 and a 200 day simple moving average of $1.98. American Shared Hospital Services has a 12 month low of $1.25 and a 12 month high of $3.11. The stock has a market capitalization of $11.47 million, a price-to-earnings ratio of -7.52 and a beta of 0.33.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.11). American Shared Hospital Services had a negative return on equity of 5.43% and a negative net margin of 5.53%.The firm had revenue of $7.73 million for the quarter, compared to the consensus estimate of $8.78 million. As a group, research analysts predict that American Shared Hospital Services will post 0.03 earnings per share for the current fiscal year.

About American Shared Hospital Services

American Shared Hospital Services operates as a specialized healthcare services company focused on delivering diagnostic imaging solutions to community and rural hospitals across the United States. Through strategic joint ventures and management agreements, the company collaborates with hospital partners to develop and operate outpatient imaging centers that provide advanced modalities while sharing the capital and operating costs. By partnering directly with hospitals, American Shared Hospital Services enables facility owners to offer in-house diagnostic capabilities without the burden of full operational oversight and significant equipment investment.

The company’s service portfolio encompasses a wide range of imaging technologies, including magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography/computed tomography (PET/CT), mammography, ultrasound, bone densitometry (DEXA) and nuclear medicine.