Ashford Inc. (NYSEAMERICAN:AINC) Sees Large Growth in Short Interest

Ashford Inc. (NYSEAMERICAN:AINC) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 53,000 shares, an increase of 2,108.3% from the March 31st total of 2,400 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 341,100 shares, the days-to-cover ratio is currently 0.2 days.

Ashford Price Performance

Shares of Ashford stock opened at $4.85 on Friday. Ashford has a one year low of $1.91 and a one year high of $11.90. The stock has a market cap of $16.64 million, a PE ratio of -0.36 and a beta of 1.64.

Ashford (NYSEAMERICAN:AINC) last issued its quarterly earnings results on Thursday, February 29th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter. Ashford had a negative net margin of 0.60% and a negative return on equity of 17.01%. The company had revenue of $206.81 million during the quarter, compared to the consensus estimate of $187.90 million.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Ashford in a research note on Wednesday, April 3rd. They issued a “buy” rating on the stock.

About Ashford

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.