AmBase Corp. (OTCMKTS:ABCP – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 15,900 shares, a growth of 26.2% from the May 15th total of 12,600 shares. Based on an average trading volume of 37,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.
AmBase Price Performance
OTCMKTS ABCP opened at $0.30 on Wednesday. The stock has a market capitalization of $25.82 million, a P/E ratio of -4.34 and a beta of 0.54. The business has a 50 day simple moving average of $0.30 and a 200 day simple moving average of $0.30. AmBase has a one year low of $0.24 and a one year high of $0.46.
AmBase (OTCMKTS:ABCP – Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The financial services provider reported ($0.02) EPS for the quarter.
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.
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