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

American Shared Hospital Services (NYSEAMERICAN:AMS) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 43,700 shares, an increase of 75.5% from the February 28th total of 24,900 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 2.9 days.

Institutional Investors Weigh In On American Shared Hospital Services

An institutional investor recently raised its position in American Shared Hospital Services stock. Renaissance Technologies LLC increased its position in American Shared Hospital Services (NYSEAMERICAN:AMS) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,225 shares of the company’s stock after acquiring an additional 3,776 shares during the period. Renaissance Technologies LLC owned approximately 1.11% of American Shared Hospital Services worth $227,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.16% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of American Shared Hospital Services in a research note on Tuesday, January 14th. They set a “hold” rating on the stock.

American Shared Hospital Services Stock Performance

Shares of AMS stock opened at $2.81 on Monday. The company has a market capitalization of $18.04 million, a price-to-earnings ratio of 4.68 and a beta of 0.66. American Shared Hospital Services has a 52 week low of $2.64 and a 52 week high of $4.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46.

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.