Short Interest in American Shared Hospital Services (NYSEAMERICAN:AMS) Drops By 38.5%

American Shared Hospital Services (NYSEAMERICAN:AMS) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 109,340 shares, a decline of 38.5% from the May 31st total of 177,845 shares. Based on an average daily volume of 179,590 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.2% of the shares of the stock are sold short.

American Shared Hospital Services Price Performance

Shares of American Shared Hospital Services stock opened at $1.49 on Friday. American Shared Hospital Services has a 1 year low of $1.25 and a 1 year high of $3.11. The firm has a market cap of $9.86 million, a PE ratio of -6.77 and a beta of 0.30. The company has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.81.

American Shared Hospital Services (NYSEAMERICAN:AMS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The company had revenue of $7.08 million during the quarter, compared to analysts’ expectations of $6.87 million. American Shared Hospital Services had a negative return on equity of 5.51% and a negative net margin of 5.30%. As a group, research analysts anticipate that American Shared Hospital Services will post -0.05 earnings per share for the current year.

Insider Activity at American Shared Hospital Services

In related news, Chairman Raymond C. Stachowiak acquired 586,468 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $2.28 per share, for a total transaction of $1,337,147.04. Following the completion of the transaction, the chairman owned 586,468 shares in the company, valued at approximately $1,337,147.04. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 25.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in American Shared Hospital Services stock. DRW Securities LLC bought a new stake in American Shared Hospital Services (NYSEAMERICAN:AMS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,481 shares of the company’s stock, valued at approximately $107,000. DRW Securities LLC owned about 0.77% of American Shared Hospital Services as of its most recent SEC filing. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About American Shared Hospital Services

American Shared Hospital Services operates as a specialized healthcare services company focused on delivering diagnostic imaging solutions to community and rural hospitals across the United States. Through strategic joint ventures and management agreements, the company collaborates with hospital partners to develop and operate outpatient imaging centers that provide advanced modalities while sharing the capital and operating costs. By partnering directly with hospitals, American Shared Hospital Services enables facility owners to offer in-house diagnostic capabilities without the burden of full operational oversight and significant equipment investment.

The company’s service portfolio encompasses a wide range of imaging technologies, including magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography/computed tomography (PET/CT), mammography, ultrasound, bone densitometry (DEXA) and nuclear medicine.