Short Interest in American Shared Hospital Services (NYSEAMERICAN:AMS) Decreases By 7.5%

American Shared Hospital Services (NYSEAMERICAN:AMS) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 30,800 shares, a decline of 7.5% from the October 15th total of 33,300 shares. Based on an average daily volume of 127,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.8% of the company’s shares are sold short.

Hedge Funds Weigh In On American Shared Hospital Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC purchased a new position in shares of American Shared Hospital Services in the 1st quarter worth about $31,000. Renaissance Technologies LLC increased its stake in American Shared Hospital Services by 31.2% during the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in American Shared Hospital Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock worth $574,000 after buying an additional 8,436 shares during the last quarter. Institutional investors own 23.16% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on American Shared Hospital Services in a report on Friday, November 15th. They issued a “hold” rating for the company.

American Shared Hospital Services Trading Down 0.3 %

NYSEAMERICAN:AMS opened at $3.00 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $19.26 million, a P/E ratio of 5.00 and a beta of 0.67. American Shared Hospital Services has a twelve month low of $2.33 and a twelve month high of $4.60.

About American Shared Hospital Services

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia.