Short Interest in Agri Bank China (OTCMKTS:ACGBY) Grows By 63.1%

Agri Bank China (OTCMKTS:ACGBY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 33,036 shares, an increase of 63.1% from the April 30th total of 20,253 shares. Based on an average trading volume of 75,579 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

ACGBY has been the subject of several recent research reports. Citigroup cut Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Zacks Research raised Agri Bank China to a “hold” rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Agri Bank China Trading Up 1.7%

Shares of OTCMKTS ACGBY opened at $18.61 on Wednesday. The business has a 50 day simple moving average of $18.65 and a 200 day simple moving average of $18.07. Agri Bank China has a 52 week low of $15.85 and a 52 week high of $21.00. 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 stock has a market cap of $260.53 billion, a price-to-earnings ratio of 6.69 and a beta of 0.08.

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

About Agri Bank China

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.