Avidbank Holdings Inc. (NASDAQ:AVBH) Short Interest Down 13.5% in January

Avidbank Holdings Inc. (NASDAQ:AVBH - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 56,508 shares, a decline of 13.5% from the December 31st total of 65,300 shares. Based on an average daily volume of 75,352 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company's shares are sold short. Approximately 0.5% of the company's shares are sold short. Based on an average daily volume of 75,352 shares, the short-interest ratio is presently 0.7 days.Avidbank Price PerformanceShares of Avidbank stock opened at $30.01 on Tuesday. The company has a market capitalization of $328.61 million, a P/E ratio of -14.93 and a beta of 0.38. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $26.89. Avidbank has a 1 year low of $19.75 and a 1 year high of $30.31. Avidbank (NASDAQ:AVBH - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.11). Avidbank had a negative net margin of 12.88% and a positive return on equity of 10.42%. The business had revenue of $26.78 million during the quarter, compared to analyst estimates of $25.70 million. Institutional Investors Weigh In On AvidbankSeveral large investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in Avidbank in the 3rd quarter valued at $26,000. Citadel Advisors LLC acquired a new stake in shares of Avidbank in the 3rd quarter valued at about $207,000. BetterWealth LLC acquired a new stake in shares of Avidbank in the 3rd quarter valued at about $216,000. Ghisallo Capital Management LLC bought a new stake in shares of Avidbank in the third quarter valued at about $255,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Avidbank during the third quarter worth about $270,000. Institutional investors own 15.87% of the company's stock. Wall Street Analyst Weigh InA number of equities analysts have issued reports on the company. DA Davidson raised their target price on Avidbank from $31.50 to $33.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Avidbank in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $32.00.View Our Latest Analysis on AVBHAvidbank Company Profile (Get Free Report)Avidbank Holdings, Inc operates as a bank holding company for Avidbank that provides financial products and services to small and middle-market businesses, professionals, and individuals in the Santa Clara, San Mateo, and San Francisco counties. It offers business and personal deposit products, such as checking, money market, and savings accounts; and certificates of deposit. The company also provides personal lending products include secured and unsecured lines of credit, home equity lines of credit, remodel and new home construction loans, and term loans; corporate banking comprises working capital lines of credit, equipment loans, acquisition financing, shareholder buyouts, ESOP loans, and owner-occupied real estate loans; and commercial real estate lending, such as permanent loans and bridge financing products.Featured ArticlesFive stocks we like better than AvidbankThe day the gold market brokeForget AI, This Will Be the Next Big Tech Breakthrough~$1.5T SpaceX IPO: Pre-IPO OpportunityGold’s getting scarce.ALERT: Drop these 5 stocks before the market opens tomorrow!This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Avidbank Right Now?Before you consider Avidbank, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Avidbank wasn't on the list.While Avidbank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here