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 the month of July. As of July 15th, there was short interest totaling 53,055 shares, a drop of 53.1% from the June 30th total of 113,059 shares. Based on an average daily volume of 52,793 shares, the short-interest ratio is currently 1.0 days. Currently, 1.1% of the company’s shares are sold short.

American Shared Hospital Services Stock Performance

Shares of NYSEAMERICAN AMS traded down $0.05 during midday trading on Wednesday, hitting $1.53. 19,623 shares of the stock traded hands, compared to its average volume of 34,466. The business has a 50 day moving average price of $1.46 and a two-hundred day moving average price of $1.72. American Shared Hospital Services has a one year low of $1.25 and a one year high of $3.11. The company has a market cap of $10.13 million, a PE ratio of -6.95 and a beta of 0.30.

American Shared Hospital Services (NYSEAMERICAN:AMS) last announced 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 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 net margin of 5.30% and a negative return on equity of 5.51%. As a group, equities research analysts forecast that American Shared Hospital Services will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other American Shared Hospital Services news, Chairman Raymond C. Stachowiak bought 586,468 shares of the stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $1,337,147.04. Following the completion of the acquisition, the chairman owned 586,468 shares in the company, valued at $1,337,147.04. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 25.80% of the stock is owned by corporate 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 stake in shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in the 4th quarter, according to the company in its most recent 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 0.77% of American Shared Hospital Services as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 23.16% of the company’s stock.

American Shared Hospital Services Company Profile

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.