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

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

American Shared Hospital Services Stock Performance

Shares of AMS stock traded down $0.02 during midday trading on Thursday, reaching $1.49. 48,399 shares of the company were exchanged, compared to its average volume of 136,151. American Shared Hospital Services has a 12 month low of $1.25 and a 12 month high of $3.11. The company has a market cap of $9.86 million, a P/E ratio of -6.77 and a beta of 0.30. The company’s 50 day moving average price is $1.49 and its two-hundred day moving average price is $1.81.

American Shared Hospital Services (NYSEAMERICAN:AMS) last issued its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The business had revenue of $7.08 million for the quarter, compared to the consensus estimate 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, sell-side analysts predict that American Shared Hospital Services will post -0.05 earnings per share for the current year.

Insider Transactions at American Shared Hospital Services

In other American Shared Hospital Services news, Chairman Raymond C. Stachowiak acquired 586,468 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average price of $2.28 per share, for a total transaction of $1,337,147.04. Following the completion of the purchase, the chairman directly owned 586,468 shares in the company, valued at $1,337,147.04. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 25.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in American Shared Hospital Services stock. DRW Securities LLC purchased a new position in American Shared Hospital Services (NYSEAMERICAN:AMS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,481 shares of the company’s stock, valued at approximately $107,000. DRW Securities LLC owned approximately 0.77% of American Shared Hospital Services at the end of the most recent reporting period. 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.