Agricultural Bank of China Limited (OTCMKTS:ACGBY) Short Interest Up 169.4% in July

Agricultural Bank of China Limited (OTCMKTS:ACGBY – Get Rating) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 88,100 shares, a growth of 169.4% from the June 30th total of 32,700 shares. Based on an average daily trading volume, of 146,700 shares, the days-to-cover ratio is presently 0.6 days.

Agricultural Bank of China Stock Down 0.4 %

ACGBY stock opened at $8.25 on Friday. Agricultural Bank of China has a 52 week low of $7.90 and a 52 week high of $10.03. The company has a market capitalization of $115.49 billion, a price-to-earnings ratio of 3.27 and a beta of 0.35. The firm’s 50-day moving average is $9.00 and its two-hundred day moving average is $9.26. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64.

Agricultural Bank of China Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 22nd. Investors of record on Thursday, July 7th will be paid a $0.6816 dividend. This represents a yield of 7.18%. The ex-dividend date is Wednesday, July 6th. Agricultural Bank of China’s dividend payout ratio is 26.98%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Agricultural Bank of China from a “sell” rating to a “neutral” rating in a report on Wednesday, July 20th.

About Agricultural Bank of China

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Agricultural Bank of China Limited provides corporate and retail banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency time, foreign currency call, time or demand optional, foreign exchange demand, foreign exchange call, foreign exchange time, certificates of deposit, savings, agreed-term, and negotiated deposits; and loans comprise housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.