Agri Bank China (OTCMKTS:ACGBY) Sees Large Drop in Short Interest

Agri Bank China (OTCMKTS:ACGBY) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 725 shares, a decrease of 86.3% from the November 30th total of 5,291 shares. Based on an average daily volume of 55,556 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 55,556 shares, the days-to-cover ratio is presently 0.0 days.

Agri Bank China Trading Up 0.6%

OTCMKTS:ACGBY opened at $18.06 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $18.76 and a 200-day simple moving average of $17.77. Agri Bank China has a 12 month low of $12.68 and a 12 month high of $20.98. The company has a market capitalization of $252.83 billion, a P/E ratio of 6.69 and a beta of 0.06.

Agri Bank China (OTCMKTS:ACGBY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.77 earnings per share (EPS) for the quarter. Agri Bank China had a net margin of 21.14% and a return on equity of 9.25%.

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.