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

American Business Bank (OTCMKTS:AMBZ) was the target of a significant drop in short interest in 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 sold short. Based on an average trading volume of 7,311 shares, the days-to-cover ratio is currently 0.0 days.

American Business Bank Stock Performance

Shares of AMBZ stock opened at $72.80 on Friday. American Business Bank has a fifty-two week low of $47.60 and a fifty-two week high of $73.77. The firm has a market capitalization of $646.46 million, a price-to-earnings ratio of 10.91 and a beta of 0.25. The stock’s 50-day simple moving average is $72.69 and its 200-day simple moving average is $70.84.

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