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 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 volume of 9,400 shares, the short-interest ratio is currently 0.0 days.

American Business Bank Price Performance

Shares of American Business Bank stock opened at $38.98 on Friday. The company’s 50 day moving average price is $37.15 and its two-hundred day moving average price is $34.47. The firm has a market capitalization of $354.02 million, a P/E ratio of 8.72 and a beta of 0.71. American Business Bank has a fifty-two week low of $26.11 and a fifty-two week high of $39.54.

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

About American Business Bank

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.