American Business Bank (OTCMKTS:AMBZ) Sees Significant Increase in Short Interest

American Business Bank (OTCMKTS:AMBZ) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 600 shares, a growth of 200.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 27,300 shares, the days-to-cover ratio is presently 0.0 days.

American Business Bank Stock Performance

OTCMKTS AMBZ traded up $0.89 during trading hours on Thursday, hitting $44.28. The company had a trading volume of 4,400 shares, compared to its average volume of 8,420. American Business Bank has a 1-year low of $29.75 and a 1-year high of $44.75. The company has a market cap of $403.13 million, a PE ratio of 9.75 and a beta of 0.72. The business has a 50 day moving average of $43.73 and a 200-day moving average of $39.75.

American Business Bank (OTCMKTS:AMBZ) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.33 earnings per share (EPS) 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.