American Business Bank (OTCMKTS:AMBZ) Shares Shorted: Short Interest Up 96.3% in September

American Business Bank (OTCMKTS:AMBZ) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 263 shares, an increase of 96.3% from the August 31st total of 134 shares. Based on an average trading volume of 3,891 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

American Business Bank Price Performance

AMBZ opened at $72.99 on Thursday. The company’s 50 day simple moving average is $72.90 and its two-hundred day simple moving average is $72.40. American Business Bank has a 1-year low of $54.50 and a 1-year high of $73.77. The firm has a market capitalization of $647.06 million, a price-to-earnings ratio of 10.94 and a beta of 0.27.

American Business Bank (OTCMKTS:AMBZ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.87 earnings per share for the quarter. The company had revenue of $43.94 million for the quarter.

About American Business Bank

American Business Bank (OTCMKTS:AMBZ) is a community bank serving businesses, business owners and professionals in Southern California. The bank focuses on relationship-based commercial banking and provides services designed for small and middle-market companies.

Its offerings include commercial and industrial loans, commercial real estate financing, construction loans, lines of credit, business deposit accounts and treasury management services. The bank also provides personal banking services for business owners and other customers.

American Business Bank was founded in 1998 and operates as a locally focused financial institution.