Short Interest in AmBase Co. (OTCMKTS:ABCP) Declines By 16.9%

AmBase Co. (OTCMKTS:ABCP) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 12,300 shares, a drop of 16.9% from the December 15th total of 14,800 shares. Based on an average daily trading volume, of 38,400 shares, the days-to-cover ratio is presently 0.3 days.

AmBase Price Performance

AmBase stock opened at $0.31 on Friday. The company has a market cap of $13.02 million, a price-to-earnings ratio of -2.58 and a beta of 0.64. The firm has a 50-day moving average of $0.32 and a 200-day moving average of $0.35. AmBase has a one year low of $0.15 and a one year high of $0.46.

AmBase Company Profile

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.