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

Agri Bank China (OTCMKTS:ACGBY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 31,254 shares, a growth of 120.0% from the August 15th total of 14,208 shares. Based on an average trading volume of 46,275 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are sold short.

Agri Bank China Trading Down 1.7%

Shares of OTCMKTS ACGBY opened at $20.14 on Wednesday. Agri Bank China has a 1 year low of $15.85 and a 1 year high of $21.13. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $19.29 and a 200 day moving average of $18.52. The stock has a market cap of $281.88 billion, a P/E ratio of 6.97 and a beta of 0.10.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Friday, August 28th. The company reported $0.73 earnings per share for the quarter. Agri Bank China had a net margin of 21.51% and a return on equity of 9.55%. The business had revenue of $30.09 billion for the quarter, compared to analysts’ expectations of $29.06 billion.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Agri Bank China Company Profile

Agricultural Bank of China Limited, also known as AgBank, is a state-owned commercial bank headquartered in Beijing. The bank provides banking and financial services to individuals, businesses, government institutions and agricultural customers, with a particular focus on rural communities, farmers and the broader agricultural sector.

Its products and services include personal and corporate deposits, loans, payment and settlement services, wealth management, investment banking, financial markets activities and electronic banking.