American Business Bank (OTCMKTS:AMBZ) Sees Large Growth in Short Interest

American Business Bank (OTCMKTS:AMBZ) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 161 shares, a growth of 16,000.0% from the June 15th total of 1 shares. Based on an average daily volume of 5,980 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

American Business Bank Price Performance

OTCMKTS AMBZ opened at $72.85 on Friday. The company has a market capitalization of $646.18 million, a P/E ratio of 11.53 and a beta of 0.25. American Business Bank has a 12-month low of $46.03 and a 12-month high of $73.64. The firm has a 50-day moving average price of $72.53 and a two-hundred day moving average price of $70.24.

American Business Bank (OTCMKTS:AMBZ) last announced its earnings results on Tuesday, April 28th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter. The business had revenue of $42.96 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.