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

American Shared Hospital Services (NYSEAMERICAN:AMS) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 43,700 shares, a growth of 75.5% from the February 28th total of 24,900 shares. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Investors Weigh In On American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC increased its holdings in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,225 shares of the company’s stock after acquiring an additional 3,776 shares during the period. Renaissance Technologies LLC owned about 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 23.16% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of American Shared Hospital Services in a research report on Tuesday, January 14th. They set a “hold” rating for the company.

American Shared Hospital Services Trading Down 1.7 %

American Shared Hospital Services stock traded down $0.05 during trading hours on Friday, hitting $2.81. The stock had a trading volume of 3,404 shares, compared to its average volume of 43,783. American Shared Hospital Services has a fifty-two week low of $2.64 and a fifty-two week high of $4.60. The stock has a market cap of $18.04 million, a price-to-earnings ratio of 4.68 and a beta of 0.66. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

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.