Ashford Inc. (NYSEAMERICAN:AINC) Short Interest Update

Ashford Inc. (NYSEAMERICAN:AINC) saw a significant increase in short interest during the month of May. As of May 28th, there was short interest totalling 6,400 shares, an increase of 611.1% from the May 13th total of 900 shares. Based on an average daily volume of 38,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

In other news, CFO Deric S. Eubanks sold 9,696 shares of the firm’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $9.64, for a total value of $93,469.44. Following the sale, the chief financial officer now owns 58,628 shares in the company, valued at $565,173.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Deric S. Eubanks sold 3,128 shares of the firm’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $8.92, for a total transaction of $27,901.76. Following the completion of the sale, the chief financial officer now owns 58,628 shares in the company, valued at approximately $522,961.76. The disclosure for this sale can be found here. Company insiders own 66.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in Ashford in the first quarter worth $96,000. Renaissance Technologies LLC lifted its position in Ashford by 66.0% in the first quarter. Renaissance Technologies LLC now owns 104,628 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 41,612 shares during the period. Finally, Clarus Group Inc. bought a new position in shares of Ashford during the first quarter valued at $433,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on AINC shares. B. Riley raised their price objective on shares of Ashford from $7.50 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 23rd. Zacks Investment Research upgraded shares of Ashford from a “strong sell” rating to a “hold” rating in a research note on Monday, May 24th.

AINC stock traded down $0.75 during midday trading on Friday, hitting $24.41. The stock had a trading volume of 621 shares, compared to its average volume of 42,920. The firm has a market capitalization of $73.47 million, a price-to-earnings ratio of -0.73 and a beta of 2.63. Ashford has a 52 week low of $4.50 and a 52 week high of $28.27. The stock’s 50-day simple moving average is $6.07.

Ashford Company Profile

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.

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