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

Avidbank Holdings, Inc. (OTCMKTS:AVBH) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 900 shares, a decrease of 30.8% from the May 31st total of 1,300 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price objective on shares of Avidbank from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, April 19th.

Avidbank Trading Down 0.1 %

Shares of AVBH stock opened at $18.44 on Friday. Avidbank has a twelve month low of $16.01 and a twelve month high of $22.00. The stock has a market cap of $144.20 million, a P/E ratio of 6.86 and a beta of 0.67. The stock has a 50 day moving average of $18.83 and a 200 day moving average of $19.34.

Avidbank (OTCMKTS:AVBH) last announced its quarterly earnings results on Wednesday, April 17th. The company reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. The firm had revenue of $35.94 million for the quarter, compared to analysts’ expectations of $19.84 million. On average, research analysts predict that Avidbank will post 2.71 earnings per share 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.