Ashford Inc. (NYSEAMERICAN:AINC) Short Interest Up 9.8% in June

Ashford Inc. (NYSEAMERICAN:AINC) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 20,100 shares, an increase of 9.8% from the May 31st total of 18,300 shares. Based on an average trading volume of 347,500 shares, the short-interest ratio is currently 0.1 days. Currently, 1.2% of the shares of the company are short sold.

Ashford Price Performance

Ashford stock opened at $4.92 on Tuesday. Ashford has a 52-week low of $1.91 and a 52-week high of $10.10. The firm has a market cap of $16.88 million, a price-to-earnings ratio of -0.37 and a beta of 1.64.

Ashford (NYSEAMERICAN:AINC) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter. The business had revenue of $209.13 million for the quarter. Ashford had a negative return on equity of 17.01% and a negative net margin of 0.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Ashford in a report on Wednesday, April 3rd. They issued a “buy” rating on the stock.

Ashford Company Profile

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.