Agri Bank China (OTCMKTS:ACGBY) Short Interest Update

Agri Bank China (OTCMKTS:ACGBY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 14,208 shares, an increase of 115.0% from the July 30th total of 6,609 shares. Based on an average daily trading volume, of 28,194 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research upgraded shares of Agri Bank China from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Citigroup downgraded Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Agri Bank China presently has a consensus rating of “Buy”.

Agri Bank China Stock Performance

Shares of Agri Bank China stock opened at $19.77 on Monday. Agri Bank China has a 12 month low of $15.85 and a 12 month high of $21.00. The firm has a market capitalization of $276.77 billion, a P/E ratio of 7.11 and a beta of 0.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $18.27.

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.