Short Interest in American Shared Hospital Services (NYSEAMERICAN:AMS) Drops By 53.1%

American Shared Hospital Services (NYSEAMERICAN:AMS) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 53,055 shares, a decline of 53.1% from the June 30th total of 113,059 shares. Based on an average daily volume of 52,793 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the shares of the company are sold short.

Insider Transactions at American Shared Hospital Services

In other news, Chairman Raymond C. Stachowiak purchased 586,468 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of $2.28 per share, with a total value of $1,337,147.04. Following the completion of the acquisition, the chairman owned 586,468 shares of the company’s stock, valued at approximately $1,337,147.04. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in American Shared Hospital Services stock. DRW Securities LLC bought a new stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 50,481 shares of the company’s stock, valued at approximately $107,000. DRW Securities LLC owned approximately 0.77% of American Shared Hospital Services at the end of the most recent reporting period. Institutional investors own 23.16% of the company’s stock.

American Shared Hospital Services Trading Up 2.6%

Shares of American Shared Hospital Services stock traded up $0.04 during trading hours on Tuesday, reaching $1.58. The stock had a trading volume of 62,263 shares, compared to its average volume of 123,903. The stock’s 50 day moving average is $1.45 and its 200 day moving average is $1.73. American Shared Hospital Services has a twelve month low of $1.25 and a twelve month high of $3.11. The firm has a market capitalization of $10.46 million, a PE ratio of -7.18 and a beta of 0.30.

American Shared Hospital Services (NYSEAMERICAN:AMS) last posted its earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The business had revenue of $7.08 million for the quarter, compared to analyst estimates of $6.87 million. American Shared Hospital Services had a negative net margin of 5.30% and a negative return on equity of 5.51%. As a group, sell-side analysts predict that American Shared Hospital Services will post -0.05 earnings per share for the current year.

American Shared Hospital Services Company Profile

American Shared Hospital Services operates as a specialized healthcare services company focused on delivering diagnostic imaging solutions to community and rural hospitals across the United States. Through strategic joint ventures and management agreements, the company collaborates with hospital partners to develop and operate outpatient imaging centers that provide advanced modalities while sharing the capital and operating costs. By partnering directly with hospitals, American Shared Hospital Services enables facility owners to offer in-house diagnostic capabilities without the burden of full operational oversight and significant equipment investment.

The company’s service portfolio encompasses a wide range of imaging technologies, including magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography/computed tomography (PET/CT), mammography, ultrasound, bone densitometry (DEXA) and nuclear medicine.