American Business Bank (OTCMKTS:AMBZ) Shares Shorted: Short Interest Up 96.3% in September

American Business Bank (OTCMKTS:AMBZ) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 263 shares, an increase of 96.3% from the August 31st total of 134 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 3,891 shares, the short-interest ratio is presently 0.1 days.

American Business Bank Stock Performance

AMBZ opened at $72.99 on Wednesday. The company has a fifty day moving average price of $72.90 and a two-hundred day moving average price of $72.38. The firm has a market capitalization of $647.42 million, a PE ratio of 10.94 and a beta of 0.27. American Business Bank has a 52 week low of $54.50 and a 52 week high of $73.77.

American Business Bank (OTCMKTS:AMBZ) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $1.87 earnings per share (EPS) for the quarter. The company had revenue of $43.94 million for the quarter.

About American Business Bank

American Business Bank (OTCMKTS:AMBZ) is a community bank serving businesses, business owners and professionals in Southern California. The bank focuses on relationship-based commercial banking and provides services designed for small and middle-market companies.

Its offerings include commercial and industrial loans, commercial real estate financing, construction loans, lines of credit, business deposit accounts and treasury management services. The bank also provides personal banking services for business owners and other customers.

American Business Bank was founded in 1998 and operates as a locally focused financial institution.