American Bank Incorporated (OTCMKTS:AMBK) Sees Large Increase in Short Interest

American Bank Incorporated (OTCMKTS:AMBK) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 200 shares, an increase of 100.0% from the November 30th total of 100 shares. Based on an average trading volume of 1,900 shares, the days-to-cover ratio is currently 0.1 days.

American Bank Trading Up 0.1 %

Shares of OTCMKTS AMBK traded up $0.02 during mid-day trading on Friday, hitting $14.37. The company had a trading volume of 948 shares, compared to its average volume of 1,254. The firm’s 50 day simple moving average is $14.54 and its two-hundred day simple moving average is $15.01. American Bank has a 12 month low of $14.07 and a 12 month high of $17.85.

American Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.56 annualized dividend and a yield of 3.90%.

About American Bank

American Bank Incorporated operates as the bank holding company for American Bank that provides various banking products and services to consumer, business, institutional, and governmental customers. It accepts a range of interest-bearing checking and money market accounts, savings accounts, certificates of deposit, and individual retirement accounts.