American Shared Hospital Services (NYSEAMERICAN:AMS) Sees Significant Increase in Short Interest

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

Analysts Set New Price Targets

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

American Shared Hospital Services Price Performance

NYSEAMERICAN:AMS traded down $0.03 during midday trading on Monday, hitting $3.16. 6,469 shares of the stock were exchanged, compared to its average volume of 42,066. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $20.29 million, a price-to-earnings ratio of 5.27 and a beta of 0.66. American Shared Hospital Services has a one year low of $2.37 and a one year high of $4.60.

Institutional Trading of American Shared Hospital Services

A hedge fund recently raised its stake in American Shared Hospital Services stock. Dimensional Fund Advisors LP lifted its stake in American Shared Hospital Services (NYSEAMERICAN:AMS) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 179,637 shares of the company’s stock after acquiring an additional 8,436 shares during the period. Dimensional Fund Advisors LP owned 2.84% of American Shared Hospital Services worth $574,000 at the end of the most recent reporting period. 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.