Short Interest in American Business Bank (OTCMKTS:AMBZ) Declines By 74.7%

American Business Bank (OTCMKTS:AMBZ) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 479 shares, a drop of 74.7% from the December 15th total of 1,891 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,068 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 6,068 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

American Business Bank Price Performance

Shares of AMBZ opened at $63.89 on Tuesday. The business’s 50 day simple moving average is $61.68 and its 200-day simple moving average is $55.12. American Business Bank has a 1 year low of $40.03 and a 1 year high of $64.90. The stock has a market capitalization of $566.70 million, a price-to-earnings ratio of 11.45 and a beta of 0.31.

American Business Bank (OTCMKTS:AMBZ) last released its earnings results on Wednesday, October 29th. The financial services provider reported $1.75 EPS for the quarter. The business had revenue of $42.62 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.