Short Interest in AmBase Corp. (OTCMKTS:ABCP) Grows By 85.3%

AmBase Corp. (OTCMKTS:ABCP) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 20,388 shares, an increase of 85.3% from the January 15th total of 11,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 22,342 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 22,342 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

AmBase Stock Performance

Shares of OTCMKTS:ABCP opened at $0.18 on Friday. The stock has a market cap of $15.29 million, a PE ratio of -3.60 and a beta of 0.65. The stock’s fifty day simple moving average is $0.20 and its two-hundred day simple moving average is $0.25. AmBase has a 1-year low of $0.17 and a 1-year high of $0.35.

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.