American Shared Hospital Services (NYSEAMERICAN:AMS) Sees Large Growth in Short Interest

American Shared Hospital Services (NYSEAMERICAN:AMS) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 49,700 shares, an increase of 46.2% from the November 30th total of 34,000 shares. Based on an average daily volume of 19,800 shares, the short-interest ratio is currently 2.5 days. Approximately 1.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on American Shared Hospital Services in a research note on Friday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Renaissance Technologies LLC boosted its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 31.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,501 shares of the company’s stock after buying an additional 13,201 shares during the quarter. Renaissance Technologies LLC owned approximately 0.88% of American Shared Hospital Services worth $177,000 at the end of the most recent quarter. 23.16% of the stock is currently owned by institutional investors and hedge funds.

American Shared Hospital Services Stock Performance

Shares of AMS traded down $0.03 on Monday, reaching $3.16. 6,295 shares of the stock traded hands, compared to its average volume of 42,065. 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 stock has a market cap of $20.29 million, a PE ratio of 5.27 and a beta of 0.66. American Shared Hospital Services has a 12 month low of $2.37 and a 12 month high of $4.60.

American Shared Hospital Services Company Profile

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.