Short Interest in AmBase Co. (OTCMKTS:ABCP) Grows By 23.3%

AmBase Co. (OTCMKTS:ABCP) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,800 shares, a growth of 23.3% from the November 30th total of 12,000 shares. Based on an average daily trading volume, of 34,600 shares, the days-to-cover ratio is presently 0.4 days.

AmBase Stock Performance

ABCP opened at $0.32 on Tuesday. The business’s 50-day simple moving average is $0.33 and its 200-day simple moving average is $0.34. The company has a market cap of $13.44 million, a P/E ratio of -2.67 and a beta of 0.59. AmBase has a one year low of $0.14 and a one year 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.