AmBase Co. (OTCMKTS:ABCP – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 11,300 shares, a decline 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 Trading Down 4.7 %
ABCP opened at $0.41 on Friday. The firm has a market cap of $17.22 million, a price-to-earnings ratio of -2.93 and a beta of 0.65. The stock’s 50-day moving average price is $0.36 and its 200 day moving average price is $0.27. AmBase has a 12-month low of $0.10 and a 12-month high of $0.44.
AmBase (OTCMKTS:ABCP – Get Free Report) last released its earnings results on Friday, August 9th. The financial services provider reported ($0.02) earnings per share (EPS) 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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