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

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

Wall Street Analysts Forecast Growth

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

American Shared Hospital Services Trading Down 1.1 %

Shares of American Shared Hospital Services stock opened at $3.01 on Tuesday. American Shared Hospital Services has a one year low of $2.33 and a one year high of $4.60. The company has a market cap of $19.14 million, a P/E ratio of 5.08 and a beta of 0.67. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On American Shared Hospital Services

A number of institutional investors have recently added to or reduced their stakes in AMS. Empowered Funds LLC purchased a new stake in American Shared Hospital Services in the first quarter valued at $31,000. Renaissance Technologies LLC raised its position in American Shared Hospital Services by 31.2% in the second quarter. Renaissance Technologies LLC now owns 55,501 shares of the company’s stock valued at $177,000 after purchasing an additional 13,201 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in American Shared Hospital Services by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 179,637 shares of the company’s stock valued at $574,000 after purchasing an additional 8,436 shares during the period. Hedge funds and other 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.