American Bank Inc. (OTCMKTS:AMBK) Short Interest Up 92.7% in July

American Bank Inc. (OTCMKTS:AMBK) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 715 shares, an increase of 92.7% from the June 30th total of 371 shares. Based on an average daily trading volume, of 1,228 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

American Bank Stock Performance

OTCMKTS AMBK opened at $23.17 on Friday. The business has a fifty day simple moving average of $19.91 and a 200 day simple moving average of $18.56. American Bank has a 12 month low of $15.25 and a 12 month high of $23.17. The firm has a market capitalization of $146.90 million, a P/E ratio of 10.53 and a beta of -0.07.

American Bank (OTCMKTS:AMBK) last posted its quarterly earnings data on Thursday, July 9th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $8.66 million for the quarter.

About American Bank

American Bank (OTCMKTS:AMBK) is a U.S. bank holding company that operates through its subsidiary, American Bank. As a community-oriented financial institution, it offers a broad range of commercial and consumer banking products, including deposit accounts, business and personal loans, mortgage financing, and treasury management services.

Serving individual customers, small to mid-sized businesses and nonprofit organizations, American Bank delivers its products through a network of branch locations complemented by digital banking platforms.