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

American Business Bank (OTCMKTS:AMBZ) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 100 shares, a decrease of 88.9% from the March 31st total of 900 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is presently 0.0 days.

American Business Bank Stock Performance

Shares of OTCMKTS AMBZ remained flat at $33.50 during midday trading on Friday. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 7,778. American Business Bank has a 12 month low of $25.43 and a 12 month high of $39.54. The business’s 50 day moving average price is $35.99 and its 200-day moving average price is $34.35. The firm has a market capitalization of $304.18 million, a price-to-earnings ratio of 7.04 and a beta of 0.68.

American Business Bank (OTCMKTS:AMBZ) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter. The firm had revenue of $32.88 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.