American Shared Hospital Services (NYSEAMERICAN:AMS) Sees Significant Increase in Short Interest

American Shared Hospital Services (NYSEAMERICAN:AMS) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 12,200 shares, an increase of 205.0% from the July 31st total of 4,000 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 110,200 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On American Shared Hospital Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC bought a new position in American Shared Hospital Services during the 1st quarter valued at $31,000. Renaissance Technologies LLC increased its holdings in shares of American Shared Hospital Services by 31.2% in the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after buying an additional 13,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of American Shared Hospital Services by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after acquiring an additional 8,436 shares during the last quarter. Institutional investors own 23.16% of the company’s stock.

American Shared Hospital Services Price Performance

NYSEAMERICAN AMS traded down $0.05 on Tuesday, hitting $3.06. The stock had a trading volume of 44,391 shares, compared to its average volume of 51,198. American Shared Hospital Services has a one year low of $2.16 and a one year high of $4.60. The stock has a market cap of $19.37 million, a price-to-earnings ratio of 38.25 and a beta of 0.70. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.49.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. American Shared Hospital Services had a return on equity of 4.29% and a net margin of 2.50%. The business had revenue of $7.06 million during the quarter, compared to analyst estimates of $6.15 million. Analysts forecast that American Shared Hospital Services will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of American Shared Hospital Services in a report on Friday. They issued a “hold” rating for the company.

American Shared Hospital Services Company Profile

American Shared Hospital Services provides stereotactic radiosurgery and advanced radiation therapy equipment. It operates in two segments, Medical Equipment Leasing, and Retail. 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.