AmBase Corp. (OTCMKTS:ABCP) Stock Short Interest Falls 37.8%

AmBase Corp. (OTCMKTS:ABCP) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 11,000 shares, a decrease of 37.8% from the September 30th total of 17,690 shares. Based on an average trading volume of 43,420 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

AmBase Price Performance

OTCMKTS:ABCP opened at $0.25 on Tuesday. The company’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.23. AmBase has a 1-year low of $0.14 and a 1-year high of $0.33. The firm has a market capitalization of $21.23 million, a price-to-earnings ratio of -6.25 and a beta of 0.95.

AmBase (OTCMKTS:ABCP) last released its earnings results on Wednesday, August 12th. The financial services provider reported ($0.01) earnings per share for the quarter.

AmBase Company Profile

AmBase Corporation is a real estate investment and development company whose activities have historically focused on commercial and residential properties, particularly in the New York metropolitan area. The company has participated in the ownership, development and management of high-end real estate assets.

AmBase has been associated with luxury residential and commercial property projects in Manhattan, including developments involving office, retail and residential space. Its portfolio and business activities have changed over time, and publicly available information about its current operations is limited.

The company’s shares trade over the counter under the symbol ABCP.