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

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

American Business Bank Stock Up 2.1 %

Shares of American Business Bank stock traded up $0.89 on Thursday, hitting $44.28. 4,400 shares of the company were exchanged, compared to its average volume of 8,420. The stock has a market capitalization of $403.13 million, a price-to-earnings ratio of 9.75 and a beta of 0.72. The company has a 50-day moving average price of $43.73 and a 200 day moving average price of $39.75. American Business Bank has a 1-year low of $29.75 and a 1-year high of $44.75.

American Business Bank (OTCMKTS:AMBZ) last announced its earnings results 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.