Agri Bank China (OTCMKTS:ACGBY) Sees Significant Decline in Short Interest

Agri Bank China (OTCMKTS:ACGBY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 12,250 shares, a drop of 55.8% from the May 31st total of 27,745 shares. Based on an average daily trading volume, of 64,367 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Agri Bank China Trading Down 0.3%

OTCMKTS ACGBY opened at $17.00 on Wednesday. The firm has a market capitalization of $237.92 billion, a PE ratio of 6.11 and a beta of 0.08. The stock’s 50 day moving average is $18.77 and its 200 day moving average is $17.98. Agri Bank China has a twelve month low of $15.85 and a twelve month high of $21.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.03.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.67 EPS for the quarter. Agri Bank China had a return on equity of 9.51% and a net margin of 21.45%.The business had revenue of $24.59 billion during the quarter. Research analysts forecast that Agri Bank China will post 3.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ACGBY shares. Zacks Research raised shares of Agri Bank China to a “hold” rating in a research note on Thursday, April 23rd. Citigroup downgraded shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.