American Shared Hospital Services (NYSEAMERICAN:AMS) Short Interest Down 51.4% in November

American Shared Hospital Services (NYSEAMERICAN:AMS) was the recipient of a large drop in short interest during the month of November. As of November 29th, there was short interest totalling 1,800 shares, a drop of 51.4% from the November 14th total of 3,700 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Separately, TheStreet cut American Shared Hospital Services from a “c” rating to a “d+” rating in a research note on Friday, August 16th.

Shares of NYSEAMERICAN:AMS traded down $0.10 during midday trading on Wednesday, reaching $2.50. The company had a trading volume of 42,500 shares, compared to its average volume of 8,390. American Shared Hospital Services has a 52-week low of $2.19 and a 52-week high of $3.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMS. Vanguard Group Inc. increased its position in American Shared Hospital Services by 114.8% in the second quarter. Vanguard Group Inc. now owns 31,680 shares of the company’s stock worth $91,000 after buying an additional 16,930 shares during the last quarter. Canton Hathaway LLC raised its stake in shares of American Shared Hospital Services by 10,548.8% in the third quarter. Canton Hathaway LLC now owns 53,244 shares of the company’s stock valued at $134,000 after buying an additional 52,744 shares during the period. Finally, Balasa Dinverno & Foltz LLC purchased a new position in shares of American Shared Hospital Services during the 2nd quarter valued at $461,000.

About American Shared Hospital Services

American Shared Hospital Services leases radiosurgery and radiation therapy equipment to health care providers in the United States. 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.

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