Short Interest in Avidbank Holdings, Inc. (OTCMKTS:AVBH) Drops By 50.0%

Avidbank Holdings, Inc. (OTCMKTS:AVBH - Get Free Report) was the target of a significant decrease in short interest during 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 short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded shares of Avidbank from a "neutral" rating to a "buy" rating and set a $26.00 price objective on the stock in a research report on Tuesday, November 12th.

Avidbank Price Performance

Shares of AVBH stock remained flat at $21.82 on Thursday. 1,200 shares of the company traded hands, compared to its average volume of 4,424. The firm has a market cap of $172.51 million, a PE ratio of 11.13 and a beta of 0.69. Avidbank has a 1-year low of $18.16 and a 1-year high of $22.49. The firm's fifty day moving average price is $20.93 and its two-hundred day moving average price is $19.72.

Avidbank (OTCMKTS:AVBH - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.09. The company had revenue of $38.43 million during the quarter, compared to the consensus estimate of $20.18 million. As a group, equities analysts predict that Avidbank will post 2.71 EPS for the current fiscal year.

About Avidbank

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.