Ashford Inc. (NYSEAMERICAN:AINC) Sees Large Increase in Short Interest

Ashford Inc. (NYSEAMERICAN:AINC) saw a significant growth in short interest in 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. Currently, 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 341,100 shares, the days-to-cover ratio is presently 0.2 days.

Ashford Stock Performance

Shares of NYSEAMERICAN AINC opened at $4.85 on Friday. The stock has a market cap of $16.64 million, a PE ratio of -0.36 and a beta of 1.64. Ashford has a 12-month low of $1.91 and a 12-month high of $11.90.

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Ashford in a research note on Wednesday, April 3rd. They issued a “buy” rating for the company.

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.