Agricultural Bank of China Limited (OTCMKTS:ACGBF – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 44,794,400 shares, a decline of 13.4% from the August 15th total of 51,698,400 shares. Based on an average trading volume of 12,100 shares, the days-to-cover ratio is presently 3,702.0 days.
Agricultural Bank of China Stock Performance
Shares of OTCMKTS:ACGBF opened at $0.35 on Tuesday. Agricultural Bank of China has a 12 month low of $0.28 and a 12 month high of $0.41. The stock’s 50 day moving average price is $0.34.
Analyst Ratings Changes
ACGBF has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Agricultural Bank of China from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 4th. JPMorgan Chase & Co. upgraded Agricultural Bank of China from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 17th.
Agricultural Bank of China Company Profile
Agricultural Bank of China Limited provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.
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