Short Interest in Ashford Inc. (NYSEAMERICAN:AINC) Increases By 2,108.3%

Ashford Inc. (NYSEAMERICAN:AINC) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 53,000 shares, a growth of 2,108.3% from the March 31st total of 2,400 shares. Based on an average daily volume of 341,100 shares, the short-interest ratio is presently 0.2 days. Approximately 3.2% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Ashford in a research report on Wednesday, April 3rd. They set a “buy” rating for the company.

Ashford Stock Up 1.3 %

AINC opened at $4.86 on Friday. The firm has a market cap of $16.67 million, a P/E ratio of -0.36 and a beta of 1.64. Ashford has a twelve month low of $1.91 and a twelve month high of $11.90.

Ashford (NYSEAMERICAN:AINC) last posted its quarterly earnings data on Thursday, February 29th. The financial services provider reported $0.98 EPS for the quarter. Ashford had a negative net margin of 0.60% and a negative return on equity of 17.01%. The firm had revenue of $206.81 million for the quarter, compared to the consensus estimate of $187.90 million.

About Ashford

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.