Avidbank Holdings, Inc. (OTCMKTS:AVBH) Short Interest Update

Avidbank Holdings, Inc. (OTCMKTS:AVBH) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 100 shares, a decrease of 50.0% from the November 15th total of 200 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is presently 0.0 days.

Avidbank Price Performance

AVBH stock remained flat at $21.82 during trading on Friday. The company has a market cap of $172.51 million, a price-to-earnings ratio of 11.13 and a beta of 0.69. The firm has a 50 day simple moving average of $21.03 and a 200-day simple moving average of $19.75. Avidbank has a one year low of $18.16 and a one year high of $22.49.

Avidbank (OTCMKTS:AVBH) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The firm had revenue of $38.43 million for the quarter, compared to analysts’ expectations of $20.18 million. On average, research analysts expect that Avidbank will post 2.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised Avidbank from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, November 12th.

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.