Short Interest in American Bank Incorporated (OTCMKTS:AMBK) Rises By 100.0%

American Bank Incorporated (OTCMKTS:AMBK - Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 200 shares, a growth of 100.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 0.1 days.

American Bank Price Performance

Shares of OTCMKTS AMBK traded up $0.02 during midday trading on Friday, reaching $14.37. The company's stock had a trading volume of 948 shares, compared to its average volume of 1,254. The firm has a 50 day moving average price of $14.54 and a 200-day moving average price of $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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.90%. The ex-dividend date is Monday, December 16th.

American Bank Company Profile

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.