AmBase Co. (OTCMKTS:ABCP – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 11,300 shares, a decrease of 33.9% from the August 15th total of 17,100 shares. Based on an average daily trading volume, of 55,900 shares, the short-interest ratio is currently 0.2 days.
AmBase Stock Down 4.7 %
Shares of OTCMKTS ABCP opened at $0.41 on Friday. The stock has a market cap of $17.22 million, a PE ratio of -2.93 and a beta of 0.65. AmBase has a 52-week low of $0.10 and a 52-week high of $0.44. The business has a 50-day moving average price of $0.36 and a 200 day moving average price of $0.27.
AmBase (OTCMKTS:ABCP – Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The financial services provider reported ($0.02) earnings per share 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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