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

American Business Bank (OTCMKTS:AMBZ) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 19,942 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

American Business Bank Price Performance

Shares of OTCMKTS AMBZ opened at $72.94 on Monday. The business’s 50 day moving average is $72.18 and its two-hundred day moving average is $68.75. American Business Bank has a 1-year low of $42.10 and a 1-year high of $73.64. The stock has a market capitalization of $648.22 million, a P/E ratio of 11.54 and a beta of 0.25.

American Business Bank (OTCMKTS:AMBZ) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.84 earnings per share for the quarter. The company 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.