American Shared Hospital Services (NYSEAMERICAN:AMS) Sees Large Growth in Short Interest

American Shared Hospital Services (NYSEAMERICAN:AMS) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 49,700 shares, a growth of 46.2% from the November 30th total of 34,000 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is currently 2.5 days.

American Shared Hospital Services Stock Down 0.9 %

Shares of AMS stock traded down $0.03 on Monday, hitting $3.16. The company’s stock had a trading volume of 6,295 shares, compared to its average volume of 42,065. The firm has a market cap of $20.29 million, a PE ratio of 5.27 and a beta of 0.66. American Shared Hospital Services has a fifty-two week low of $2.37 and a fifty-two week high of $4.60. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP raised its holdings in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 179,637 shares of the company’s stock after buying an additional 8,436 shares during the quarter. Dimensional Fund Advisors LP owned 2.84% of American Shared Hospital Services worth $574,000 at the end of the most recent quarter. Institutional investors and hedge funds own 23.16% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on American Shared Hospital Services in a research note on Friday. They issued a “hold” rating on the stock.

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.