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 in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 39,693 shares, the short-interest ratio is currently 0.0 days.

American Business Bank Stock Up 1.5%

OTCMKTS AMBZ opened at $70.97 on Thursday. The firm has a market cap of $632.34 million, a P/E ratio of 12.11 and a beta of 0.31. The company’s 50 day moving average is $69.36 and its 200-day moving average is $62.55. American Business Bank has a 12-month low of $40.03 and a 12-month high of $71.45.

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

About American Business Bank

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.