Agri Bank China (OTCMKTS:ACGBY) Short Interest Down 55.8% in June

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ACGBY shares. Citigroup cut Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Agri Bank China to a “hold” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Agri Bank China Stock Performance

Shares of ACGBY stock opened at $17.05 on Monday. The stock has a market cap of $238.74 billion, a price-to-earnings ratio of 6.13 and a beta of 0.08. 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 has a fifty-two week low of $15.85 and a fifty-two week high of $21.00. The firm’s 50 day moving average price is $18.86 and its two-hundred day moving average price is $18.00.

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

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.