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

Agri Bank China (OTCMKTS:ACGBY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 12,250 shares, a decrease of 55.8% from the May 31st total of 27,745 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 64,367 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lowered Agri Bank China from a “strong-buy” rating to a “hold” rating in a report 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 data from MarketBeat, the stock currently has an average rating of “Hold”.

Agri Bank China Price Performance

Shares of OTCMKTS ACGBY opened at $17.05 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.22 and a current ratio of 1.22. Agri Bank China has a one year low of $15.85 and a one year high of $21.00. The firm has a market capitalization of $238.69 billion, a P/E ratio of 6.13 and a beta of 0.08. The company’s fifty day moving average is $18.82 and its two-hundred day moving average is $17.99.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.67 EPS for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.51%. The firm had revenue of $24.59 billion during the quarter. Analysts forecast that Agri Bank China will post 3.02 EPS for the current fiscal year.

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.