Short Interest in American Shared Hospital Services (NYSEAMERICAN:AMS) Drops By 53.1%

American Shared Hospital Services (NYSEAMERICAN:AMSGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 53,055 shares, a drop of 53.1% from the June 30th total of 113,059 shares. Based on an average daily volume of 52,793 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.1% of the shares of the stock are short sold.

American Shared Hospital Services Price Performance

American Shared Hospital Services stock traded up $0.04 during midday trading on Tuesday, reaching $1.58. The company had a trading volume of 62,263 shares, compared to its average volume of 123,903. American Shared Hospital Services has a 12-month low of $1.25 and a 12-month high of $3.11. The company has a market capitalization of $10.46 million, a P/E ratio of -7.18 and a beta of 0.30. The firm’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $1.73.

American Shared Hospital Services (NYSEAMERICAN:AMSGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.08). American Shared Hospital Services had a negative return on equity of 5.51% and a negative net margin of 5.30%.The firm had revenue of $7.08 million for the quarter, compared to analysts’ expectations of $6.87 million. On average, analysts expect that American Shared Hospital Services will post -0.05 EPS for the current fiscal year.

Insider Activity at American Shared Hospital Services

In related news, Chairman Raymond C. Stachowiak purchased 586,468 shares of American Shared Hospital Services stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $2.28 per share, for a total transaction of $1,337,147.04. Following the transaction, the chairman directly owned 586,468 shares in the company, valued at approximately $1,337,147.04. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 25.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in American Shared Hospital Services stock. DRW Securities LLC acquired a new stake in American Shared Hospital Services (NYSEAMERICAN:AMSFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 50,481 shares of the company’s stock, valued at approximately $107,000. DRW Securities LLC owned about 0.77% of American Shared Hospital Services as of its most recent filing with the SEC. Institutional investors own 23.16% of the company’s stock.

American Shared Hospital Services Company Profile

(Get Free Report)

American Shared Hospital Services operates as a specialized healthcare services company focused on delivering diagnostic imaging solutions to community and rural hospitals across the United States. Through strategic joint ventures and management agreements, the company collaborates with hospital partners to develop and operate outpatient imaging centers that provide advanced modalities while sharing the capital and operating costs. By partnering directly with hospitals, American Shared Hospital Services enables facility owners to offer in-house diagnostic capabilities without the burden of full operational oversight and significant equipment investment.

The company’s service portfolio encompasses a wide range of imaging technologies, including magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography/computed tomography (PET/CT), mammography, ultrasound, bone densitometry (DEXA) and nuclear medicine.

Further Reading

Receive News & Ratings for American Shared Hospital Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Shared Hospital Services and related companies with MarketBeat.com's FREE daily email newsletter.