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

Key Points

• Short interest plunged 97.6% to just 16 shares as of March 13 from 677 shares on February 26, leaving a short-interest ratio of 0.0 days and effectively 0.0% of shares sold short.
• Shares were flat at $69.89 mid-day, the company has a market capitalization of $622.72 million and a P/E of 11.93, and it reported last quarter EPS of $1.87 on $44.70 million in revenue.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 16 shares, a decline of 97.6% from the February 26th total of 677 shares. Based on an average daily trading volume, of 39,693 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 39,693 shares, the short-interest ratio is currently 0.0 days.

American Business Bank Price Performance

Shares of AMBZ remained flat at $69.89 during mid-day trading on Tuesday. The stock had a trading volume of 1,145 shares, compared to its average volume of 13,650. The stock has a 50 day simple moving average of $69.10 and a 200 day simple moving average of $62.38. American Business Bank has a 52 week low of $40.03 and a 52 week high of $71.45. The company has a market capitalization of $622.72 million, a PE ratio of 11.93 and a beta of 0.31.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $1.87 EPS for the quarter. The business had revenue of $44.70 million during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.