AmBase Co. (OTCMKTS:ABCP) Sees Significant Decline in Short Interest

AmBase Co. (OTCMKTS:ABCP) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 12,300 shares, a decrease of 16.9% from the December 31st total of 14,800 shares. Based on an average trading volume of 38,400 shares, the days-to-cover ratio is currently 0.3 days.

AmBase Price Performance

Shares of OTCMKTS:ABCP opened at $0.31 on Thursday. The firm has a market capitalization of $13.02 million, a PE ratio of -2.58 and a beta of 0.64. The business has a 50-day moving average of $0.32 and a two-hundred day moving average of $0.35. AmBase has a 12 month low of $0.15 and a 12 month high of $0.46.

AmBase Company Profile

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.