American Business Bank (OTCMKTS:AMBZ) Short Interest Up 9,637.5% in March

Key Points

• Short interest jumped 9,637.5% in March to 1,558 shares as of March 31 (up from 16 on March 15), though the absolute level remains tiny and the short-interest ratio is just 0.3 days with reported shorted shares rounding to 0.0% of float.
• Shares traded up to $72.53 (a 1‑year high) on light intraday volume, and the company carries a market cap of $645.52 million with a P/E of 12.38 and a beta of 0.27.
• In the most recent quarter, American Business Bank reported EPS of $1.87 on revenue of $44.70 million.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,558 shares, an increase of 9,637.5% from the March 15th total of 16 shares. Based on an average daily trading volume, of 5,858 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

American Business Bank Trading Up 0.1%

Shares of AMBZ traded up $0.04 during mid-day trading on Friday, reaching $72.53. The company's stock had a trading volume of 745 shares, compared to its average volume of 12,405. American Business Bank has a 1-year low of $40.31 and a 1-year high of $72.53. The stock has a market cap of $645.52 million, a P/E ratio of 12.38 and a beta of 0.27. The business has a 50-day simple moving average of $70.66 and a two-hundred day simple moving average of $63.78.

American Business Bank (OTCMKTS:AMBZ - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.87 earnings per share (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.

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