American Business Bank (OTCMKTS:AMBZ) Short Interest Down 97.6% in March

American Business Bank (OTCMKTS:AMBZ) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 16 shares, a drop of 97.6% from the February 26th total of 677 shares. Based on an average daily volume of 39,693 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 39,693 shares, the days-to-cover ratio is currently 0.0 days.

American Business Bank Stock Performance

Shares of AMBZ stock opened at $69.89 on Wednesday. The stock has a market cap of $622.72 million, a P/E ratio of 11.93 and a beta of 0.31. American Business Bank has a 1 year low of $40.03 and a 1 year high of $71.45. The stock has a 50 day simple moving average of $69.22 and a 200 day simple moving average of $62.49.

American Business Bank (OTCMKTS:AMBZ) last posted its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.87 EPS for the quarter. The company 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.