AmBase Corp. (OTCMKTS:ABCP) Short Interest Down 13.6% in March

AmBase Corp. (OTCMKTS:ABCP) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 15,900 shares, a drop of 13.6% from the March 15th total of 18,399 shares. Based on an average daily volume of 60,792 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

AmBase Price Performance

OTCMKTS:ABCP opened at $0.17 on Friday. AmBase has a 12-month low of $0.14 and a 12-month high of $0.35. The firm has a market capitalization of $14.52 million, a price-to-earnings ratio of -3.42 and a beta of 0.80. The stock’s 50 day moving average price is $0.17 and its two-hundred day moving average price is $0.21.

AmBase (OTCMKTS:ABCP) last posted its earnings results on Monday, March 30th. The financial services provider reported ($0.01) earnings per share (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.