Today’s Shorts Alert: AMBASE CORPORATION (OTCMKTS:ABCP) Stock Is Shorted More

November 23, 2016 - By Darrin Black   ·   0 Comments

Today's Shorts Alert: AMBASE CORPORATION (OTCMKTS:ABCP) Stock Is Shorted More

The stock of AMBASE CORPORATION (OTCMKTS:ABCP) registered an increase of 17.27% in short interest. ABCP’s total short interest was 12,900 shares in November as published by FINRA. Its up 17.27% from 11,000 shares, reported previously. With 13,900 shares average volume, it will take short sellers 1 days to cover their ABCP’s short positions. The stock decreased 2.27% or $0.02 on November 22, hitting $0.86. About 575 shares traded hands. AmBase Corporation (OTCMKTS:ABCP) has declined 46.25% since April 21, 2016 and is downtrending. It has underperformed by 51.58% the S&P500.

AmBase Corporation is a holding company. The company has a market cap of $35.03 million. The Firm holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York . It currently has negative earnings. The Firm also owns a commercial office building in Greenwich, Connecticut that is managed and operated by the Company.

ABCP Company Profile

AmBase Corporation, incorporated on October 22, 1975, is a holding company. The Firm holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York (the 111 West 57th Property).

More notable recent AmBase Corporation (OTCMKTS:ABCP) news were published by: Prnewswire.com which released: “AmBase Reports Results For The Third Quarter And Nine Months Ended September …” on November 08, 2016, also Prnewswire.com with their article: “AmBase Corporation — Announces The 111 West 57th Street Real Estate …” published on June 30, 2015, Prnewswire.com published: “AmBase Announces Signed Settlement Agreement in Supervisory Goodwill Legal …” on August 31, 2012. More interesting news about AmBase Corporation (OTCMKTS:ABCP) were released by: Therealdeal.com and their article: “Lead investor in JDS, PMG’s supertall 57th St. tower turns off cash pump” published on May 29, 2015 as well as Therealdeal.com‘s news article titled: “JDS, PMG facing $105M lawsuit from 111 West 57th partner” with publication date: April 30, 2016.

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By Darrin Black


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