American Business Bank (OTCMKTS:AMBZ) Short Interest Up 123.9% in April

Key Points

• Short interest jumped 123.9% in April to 3,489 shares as of April 15 (from 1,558 on March 31), but still represents approximately 0.0% of the float and a days-to-cover of only 0.2, meaning the absolute short position is very small and easily covered.
• Shares opened at $71.50, trading near a 1-year high of $73.26, with a 50-day/200-day moving average of $71.10/$65.18 and a market cap of $636.35 million (P/E 12.20, beta 0.27).
• The bank reported quarterly EPS of $1.87 on revenue of $44.7 million and operates as a Southern California commercial lender focused on commercial real estate, construction, equipment financing and working capital for small- and mid-sized businesses.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 3,489 shares, a growth of 123.9% from the March 31st total of 1,558 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 14,286 shares, the days-to-cover ratio is currently 0.2 days.

American Business Bank Price Performance

OTCMKTS:AMBZ opened at $71.50 on Friday. The company has a 50 day moving average price of $71.10 and a 200-day moving average price of $65.18. American Business Bank has a 1-year low of $41.25 and a 1-year high of $73.26. The firm has a market cap of $636.35 million, a price-to-earnings ratio of 12.20 and a beta of 0.27.

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 earnings per share for the quarter. The business had revenue of $44.70 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.

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