AmBase Corp. (OTCMKTS:ABCP – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 11,000 shares, a decline of 37.8% from the September 30th total of 17,690 shares. Based on an average trading volume of 43,420 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.
AmBase Price Performance
OTCMKTS ABCP opened at $0.24 on Wednesday. The firm has a market cap of $20.38 million, a P/E ratio of -6.00 and a beta of 0.95. The stock’s 50-day moving average is $0.26 and its 200-day moving average is $0.23. AmBase has a one year low of $0.14 and a one year high of $0.33.
AmBase (OTCMKTS:ABCP – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The financial services provider reported ($0.01) earnings per share for the quarter.
About AmBase
AmBase Corporation is a real estate investment and development company whose activities have historically focused on commercial and residential properties, particularly in the New York metropolitan area. The company has participated in the ownership, development and management of high-end real estate assets.
AmBase has been associated with luxury residential and commercial property projects in Manhattan, including developments involving office, retail and residential space. Its portfolio and business activities have changed over time, and publicly available information about its current operations is limited.
The company’s shares trade over the counter under the symbol ABCP.
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