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

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

AmBase Price Performance

Shares of ABCP opened at $0.31 on Friday. The company has a market capitalization of $13.02 million, a price-to-earnings ratio of -2.58 and a beta of 0.64. AmBase has a 52 week low of $0.15 and a 52 week high of $0.46. The stock’s 50-day moving average price is $0.32 and its 200-day moving average price is $0.35.

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.