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 July. As of July 15th, there was short interest totaling 1 shares, a drop of 99.4% from the June 30th total of 161 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 7,311 shares, the days-to-cover ratio is currently 0.0 days.

American Business Bank Price Performance

OTCMKTS:AMBZ opened at $72.80 on Friday. American Business Bank has a one year low of $47.60 and a one year high of $73.77. The company has a market cap of $646.46 million, a PE ratio of 10.91 and a beta of 0.25. The firm has a 50-day moving average of $72.69 and a 200-day moving average of $70.84.

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