Avidbank Holdings Inc. (OTCMKTS:AVBH) Short Interest Update

Key Points

• Avidbank Holdings Inc. experienced a 28.6% decline in short interest in July, with the total short interest dropping to 500 shares from 700 shares.
• The stock is currently trading at $22.30, with a market capitalization of $176.84 million and a price-to-earnings ratio of 8.02.
• Avidbank operates as a bank holding company providing financial products and services primarily in the Santa Clara, San Mateo, and San Francisco counties.

Avidbank Holdings Inc. (OTCMKTS:AVBH - Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 500 shares, a drop of 28.6% from the June 30th total of 700 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 0.1 days.

Avidbank Stock Performance

Shares of OTCMKTS AVBH traded down $0.60 during midday trading on Wednesday, reaching $21.70. 7,325 shares of the company's stock were exchanged, compared to its average volume of 3,873. Avidbank has a 52-week low of $18.16 and a 52-week high of $26.59. The stock has a market capitalization of $172.08 million, a PE ratio of 7.81 and a beta of 0.52. The business's fifty day moving average price is $20.76 and its two-hundred day moving average price is $21.64.

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.