American Business Bank (OTCMKTS:AMBZ) Short Interest Up 16,000.0% in June

American Business Bank (OTCMKTS:AMBZ) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 161 shares, an increase of 16,000.0% from the June 15th total of 1 shares. Based on an average daily trading volume, of 5,980 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

American Business Bank Price Performance

Shares of OTCMKTS:AMBZ remained flat at $72.85 during trading on Friday. The stock had a trading volume of 22,375 shares, compared to its average volume of 3,642. American Business Bank has a 12-month low of $46.03 and a 12-month high of $73.64. The company has a market cap of $646.33 million, a P/E ratio of 11.53 and a beta of 0.25. The company has a 50 day moving average of $72.51 and a two-hundred day moving average of $70.23.

American Business Bank (OTCMKTS:AMBZ) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.84 earnings per share for the quarter. The company had revenue of $42.96 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.