Short Interest in AmBase Corp. (OTCMKTS:ABCP) Drops By 13.6%

AmBase Corp. (OTCMKTS:ABCP) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 15,900 shares, a drop of 13.6% from the March 15th total of 18,399 shares. Based on an average daily volume of 60,792 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

AmBase Price Performance

Shares of OTCMKTS:ABCP opened at $0.17 on Friday. AmBase has a 52-week low of $0.14 and a 52-week high of $0.35. The stock has a market cap of $14.52 million, a price-to-earnings ratio of -3.42 and a beta of 0.80. The business has a 50-day moving average price of $0.17 and a 200-day moving average price of $0.21.

AmBase (OTCMKTS:ABCP) last announced its quarterly earnings data on Monday, March 30th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter.

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.