Avidbank Holdings Inc. (OTCMKTS:AVBH) Sees Large Drop in Short Interest

Avidbank Holdings Inc. (OTCMKTS:AVBH) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 500 shares, a decline of 28.6% from the June 30th total of 700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 7,700 shares, the short-interest ratio is presently 0.1 days.

Avidbank Price Performance

AVBH stock opened at $21.70 on Thursday. The company has a market capitalization of $172.08 million, a P/E ratio of 7.81 and a beta of 0.52. Avidbank has a 12 month low of $18.16 and a 12 month high of $26.59. The firm’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $21.64.

Avidbank Company Profile

Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties. The company offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit.