Short Interest in AmBase Corp. (OTCMKTS:ABCP) Increases By 31.7%

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

AmBase Trading Up 0.3%

OTCMKTS:ABCP opened at $0.16 on Friday. The company has a market capitalization of $13.17 million, a P/E ratio of -3.10 and a beta of 0.65. AmBase has a 12 month low of $0.14 and a 12 month high of $0.35. The business’s 50-day moving average is $0.18 and its 200 day moving average is $0.22.

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.