Short Interest in Ashford Inc. (NYSEAMERICAN:AINC) Expands By 9.8%

Ashford Inc. (NYSEAMERICAN:AINC) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 20,100 shares, an increase of 9.8% from the May 31st total of 18,300 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 347,500 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Ashford in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company.

Ashford Price Performance

AINC stock opened at $4.92 on Tuesday. The company has a market capitalization of $16.88 million, a PE ratio of -0.37 and a beta of 1.64. Ashford has a twelve month low of $1.91 and a twelve month high of $10.10.

Ashford (NYSEAMERICAN:AINC) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $1.88 EPS for the quarter. Ashford had a negative net margin of 0.60% and a negative return on equity of 17.01%. The company had revenue of $209.13 million for the quarter.

Ashford Company Profile

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.