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

American Business Bank (OTCMKTS:AMBZ) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 558 shares, a drop of 21.3% from the January 29th total of 709 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,723 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 10,723 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

American Business Bank Stock Down 0.8%

OTCMKTS AMBZ opened at $70.45 on Monday. The stock has a market capitalization of $627.01 million, a PE ratio of 12.02 and a beta of 0.31. American Business Bank has a 12-month low of $40.03 and a 12-month high of $71.45. The company has a 50 day moving average price of $67.18 and a two-hundred day moving average price of $60.24.

American Business Bank (OTCMKTS:AMBZ) last released 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.