American Shared Hospital Services (NYSEAMERICAN:AMS) Short Interest Update

American Shared Hospital Services (NYSEAMERICAN:AMS) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 118,900 shares, an increase of 874.6% from the August 15th total of 12,200 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 117,400 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on American Shared Hospital Services in a report on Tuesday. They issued a “hold” rating on the stock.

Institutional Trading of American Shared Hospital Services

A number of institutional investors and hedge funds have recently modified their holdings of AMS. Empowered Funds LLC bought a new stake in American Shared Hospital Services in the first quarter valued at about $31,000. Dimensional Fund Advisors LP boosted its holdings in American Shared Hospital Services by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after purchasing an additional 8,436 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in American Shared Hospital Services by 31.2% during the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares in the last quarter. 23.16% of the stock is currently owned by institutional investors.

American Shared Hospital Services Stock Performance

AMS stock opened at $3.02 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $19.22 million, a price-to-earnings ratio of 37.78 and a beta of 0.67. American Shared Hospital Services has a 52-week low of $2.16 and a 52-week high of $4.60.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $7.06 million during the quarter, compared to analyst estimates of $6.15 million. American Shared Hospital Services had a return on equity of 5.39% and a net margin of 18.41%. Equities analysts anticipate that American Shared Hospital Services will post 0.29 EPS for the current fiscal year.

About American Shared Hospital Services

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.