American Shared Hospital Services (NYSEAMERICAN:AMS) Short Interest Update

American Shared Hospital Services (NYSEAMERICAN:AMS) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 30,800 shares, a drop of 7.5% from the October 15th total of 33,300 shares. Based on an average daily volume of 127,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the shares of the company are short sold.

American Shared Hospital Services Stock Down 1.1 %

American Shared Hospital Services stock opened at $3.01 on Tuesday. The stock has a market cap of $19.14 million, a P/E ratio of 5.08 and a beta of 0.67. American Shared Hospital Services has a 52 week low of $2.33 and a 52 week high of $4.60. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on American Shared Hospital Services in a research note on Friday. They issued a “hold” rating for the company.

Institutional Trading of American Shared Hospital Services

Several hedge funds and other institutional investors have recently bought and sold shares of AMS. Empowered Funds LLC acquired a new stake in American Shared Hospital Services in the first quarter valued at approximately $31,000. Renaissance Technologies LLC grew its holdings in American Shared Hospital Services by 31.2% in the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in American Shared Hospital Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after purchasing an additional 8,436 shares during the period. 23.16% of the stock is owned by institutional investors and hedge funds.

American Shared Hospital Services Company Profile

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia.