Agricultural Bank of China Limited (OTCMKTS:ACGBF – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 44,794,400 shares, a decline of 13.4% from the August 15th total of 51,698,400 shares. Based on an average trading volume of 12,100 shares, the short-interest ratio is presently 3,702.0 days.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ACGBF. The Goldman Sachs Group cut shares of Agricultural Bank of China from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 4th. JPMorgan Chase & Co. upgraded shares of Agricultural Bank of China from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 17th.
Agricultural Bank of China Trading Up 5.0 %
Agricultural Bank of China Company Profile
Agricultural Bank of China Limited provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including 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.
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