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

Avidbank Holdings, Inc. (OTCMKTS:AVBH) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 200 shares, a decline of 60.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

Avidbank Trading Down 0.5 %

Shares of Avidbank stock opened at $22.10 on Friday. Avidbank has a 52 week low of $18.16 and a 52 week high of $22.23. The stock has a market cap of $173.95 million, a PE ratio of 11.28 and a beta of 0.68. The company’s 50-day moving average price is $20.52 and its two-hundred day moving average price is $19.52.

Avidbank (OTCMKTS:AVBH) last released its earnings results on Monday, October 21st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. The business had revenue of $38.43 million for the quarter, compared to analyst estimates of $20.18 million. On average, 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.