Short Interest in American Business Bank (OTCMKTS:AMBZ) Expands By 200.0%

American Business Bank (OTCMKTS:AMBZ) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 300 shares, a growth of 200.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 9,400 shares, the days-to-cover ratio is presently 0.0 days.

American Business Bank Price Performance

OTCMKTS AMBZ opened at $38.99 on Friday. The business’s fifty day moving average price is $37.15 and its 200-day moving average price is $34.48. The stock has a market capitalization of $354.11 million, a price-to-earnings ratio of 8.72 and a beta of 0.71. American Business Bank has a 1-year low of $26.11 and a 1-year high of $39.54.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.02 earnings per share for the quarter. The firm had revenue of $30.73 million for the quarter.

American Business Bank Company Profile

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.