AmBase Co. (OTCMKTS:ABCP) Sees Significant Growth in Short Interest

AmBase Co. (OTCMKTS:ABCP) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 12,200 shares, an increase of 10.9% from the October 31st total of 11,000 shares. Based on an average trading volume of 145,600 shares, the days-to-cover ratio is currently 0.1 days.

AmBase Trading Down 0.1 %

Shares of ABCP opened at $0.35 on Monday. The firm has a market cap of $14.57 million, a P/E ratio of -2.89 and a beta of 0.69. The stock’s 50 day moving average is $0.36 and its two-hundred day moving average is $0.33. AmBase has a 12 month low of $0.12 and a 12 month high of $0.46.

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.