American Business Bank (OTCMKTS:AMBZ) Sees Significant Growth in Short Interest

American Business Bank (OTCMKTS:AMBZ) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 709 shares, a growth of 679.1% from the January 15th total of 91 shares. Based on an average daily trading volume, of 9,758 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,758 shares, the short-interest ratio is currently 0.1 days.

American Business Bank Stock Performance

Shares of OTCMKTS AMBZ traded down $0.25 during midday trading on Tuesday, reaching $70.70. The stock had a trading volume of 14,130 shares, compared to its average volume of 17,195. The company’s 50 day moving average price is $64.76 and its 200 day moving average price is $58.01. American Business Bank has a twelve month low of $40.03 and a twelve month high of $71.00. The firm has a market cap of $627.82 million, a price-to-earnings ratio of 12.06 and a beta of 0.32.

American Business Bank (OTCMKTS:AMBZ) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share for the quarter. The business had revenue of $44.70 million for the quarter.

American Business Bank Company Profile

American Business Bank (OTCMKTS:AMBZ) is a Southern California–based commercial bank that provides a broad range of financial services to small and mid-sized businesses. Headquartered in Irvine, California, the bank focuses on building long-term relationships with clients in industries such as real estate development, professional services, healthcare, technology, and manufacturing. Its regional footprint includes full-service offices across Los Angeles, Orange County, the Inland Empire, North County San Diego, and the Coachella Valley.

The bank’s core offerings encompass commercial real estate financing, construction and land development loans, equipment and vehicle financing, and working capital lines of credit.