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

American Shared Hospital Services (NYSEAMERICAN:AMS) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 30,800 shares, a drop of 7.5% from the October 15th total of 33,300 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 127,300 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

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

American Shared Hospital Services Stock Performance

Shares of American Shared Hospital Services stock opened at $3.05 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37. American Shared Hospital Services has a 52-week low of $2.32 and a 52-week high of $4.60. The company has a market capitalization of $19.40 million, a PE ratio of 5.08 and a beta of 0.67.

Institutional Trading of American Shared Hospital Services

Several large investors have recently added to or reduced their stakes in AMS. Empowered Funds LLC purchased a new position in shares of American Shared Hospital Services in the 1st quarter worth about $31,000. Renaissance Technologies LLC raised its position in American Shared Hospital Services by 31.2% in the 2nd quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock worth $177,000 after buying an additional 13,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in American Shared Hospital Services by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock worth $574,000 after buying an additional 8,436 shares during the last quarter. Institutional investors own 23.16% of the company’s stock.

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.