Short Interest in American Business Bank (OTCMKTS:AMBZ) Drops By 66.7%

American Business Bank (OTCMKTS:AMBZ) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 100 shares, a decline of 66.7% from the October 15th total of 300 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is currently 0.0 days.

American Business Bank Stock Up 1.9 %

AMBZ stock traded up $0.79 during midday trading on Tuesday, hitting $42.89. The company’s stock had a trading volume of 13,300 shares, compared to its average volume of 8,337. The stock has a market cap of $390.30 million, a price-to-earnings ratio of 9.45 and a beta of 0.70. The stock’s 50-day moving average price is $38.00 and its 200 day moving average price is $34.97. American Business Bank has a 1 year low of $26.11 and a 1 year high of $42.89.

American Business Bank (OTCMKTS:AMBZ) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.16 earnings per share for the quarter. The company had revenue of $33.28 million for the quarter.

About American Business Bank

American Business Bank, a California-chartered bank, provides banking products and services to small and medium-sized firms, non-profits, business executives, and professionals in Southern California. The company offers credit and depository; treasury management; asset-based lending; SBA lending; international banking comprising money transfers, import and export commercial letters of credit, standby letters of credit, documentary and clean collections, and foreign currency exchange services; and consulting and referral services.