AmBase Corp. (OTCMKTS:ABCP) Short Interest Update

AmBase Corp. (OTCMKTS:ABCP) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 18,399 shares, an increase of 31.7% from the February 26th total of 13,972 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 93,973 shares, the short-interest ratio is currently 0.2 days.

AmBase Price Performance

AmBase stock remained flat at $0.16 during trading hours on Monday. The company’s stock had a trading volume of 400 shares, compared to its average volume of 41,366. The stock’s fifty day moving average price is $0.18 and its 200 day moving average price is $0.22. AmBase has a 52-week low of $0.14 and a 52-week high of $0.35. The firm has a market cap of $13.17 million, a price-to-earnings ratio of -3.10 and a beta of 0.65.

About AmBase

AmBase Corporation does not have significant operations. Previously, it invested in a real estate development property. The company was incorporated in 1975 and is headquartered in Coral Springs, Florida.