Short Interest in Agri Bank China (OTCMKTS:ACGBY) Drops By 78.2%

Agri Bank China (OTCMKTS:ACGBY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,666 shares, a decline of 78.2% from the June 15th total of 12,250 shares. Based on an average daily volume of 61,194 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several analysts recently commented on ACGBY shares. Citigroup lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research raised shares of Agri Bank China from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Agri Bank China Price Performance

Shares of OTCMKTS ACGBY opened at $17.46 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a fifty day moving average of $18.37 and a 200 day moving average of $17.95. Agri Bank China has a one year low of $15.85 and a one year high of $21.00. The firm has a market cap of $244.43 billion, a PE ratio of 6.28 and a beta of 0.11.

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.