Agri Bank China (OTCMKTS:ACGBY) Stock Short Interest Drops 36.1%

by · The Markets Daily

Agri Bank China (OTCMKTS:ACGBY – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 29,708 shares, a drop of 36.1% from the September 30th total of 46,511 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 62,432 shares, the days-to-cover ratio is currently 0.5 days.

Agri Bank China Price Performance

Shares of OTCMKTS ACGBY opened at $20.95 on Wednesday. The business’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $18.81. The company has a market cap of $293.29 billion, a PE ratio of 7.08 and a beta of 0.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.08. Agri Bank China has a twelve month low of $15.85 and a twelve month high of $23.19.

Agri Bank China (OTCMKTS:ACGBY – Get Free Report) last issued its earnings results on Friday, October 30th. The company reported $0.93 EPS for the quarter. The company had revenue of $30.91 billion during the quarter. Agri Bank China had a return on equity of 9.67% and a net margin of 21.94%. On average, analysts predict that Agri Bank China will post 3.30 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research started coverage on shares of Agri Bank China in a research report on Tuesday, October 27th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Agri Bank China presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on Agri Bank China

About Agri Bank China

(Get Free Report)

Agricultural Bank of China Limited, also known as AgBank, is a major commercial bank headquartered in Beijing, China. Established in 1951, the bank has historically focused on supporting China’s agricultural sector and rural communities while expanding into a full-service financial institution serving individuals, businesses and government-related organizations.

The bank provides a broad range of services, including personal and corporate deposits and loans, payment and settlement services, wealth management, credit cards, investment banking, custody, foreign-exchange services and other financial products.

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