Avidbank Holdings Inc. (OTCMKTS:AVBH) Short Interest Down 80.0% in July

Key Points

• Avidbank Holdings Inc. experienced a significant drop in short interest, with only 100 shares sold short as of July 31st, marking an 80% decrease from the previous total of 500 shares.
• The company's stock opened at $23.75, with a market capitalization of $249.90 million, and a P/E ratio of 8.54.
• Avidbank provides a range of financial products and services, including business and personal deposit products, in the Santa Clara, San Mateo, and San Francisco counties.

Avidbank Holdings Inc. (OTCMKTS:AVBH - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 100 shares, adeclineof80.0% from the July 15th total of 500 shares. Currently,0.0% of the company's shares are sold short. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 0.0 days. Currently,0.0% of the company's shares are sold short.

Avidbank Trading Down 0.8%

Shares of AVBH traded down $0.20 during trading hours on Wednesday, reaching $24.00. 5,767 shares of the company traded hands, compared to its average volume of 13,742. The firm has a market cap of $252.53 million, a price-to-earnings ratio of 8.63 and a beta of 0.53. Avidbank has a 12-month low of $18.85 and a 12-month high of $26.59. The stock's fifty day moving average price is $21.67 and its 200 day moving average price is $21.84.

About Avidbank

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties. The company offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.