Agri Bank China (OTCMKTS:ACGBY) Stock Short Interest Report for October

Agri Bank China (OTCMKTS:ACGBY) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 6,831 shares, a decrease of 77.0% from the October 15th total of 29,708 shares. Based on an average trading volume of 90,359 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Agri Bank China Stock Down 0.3%

Shares of OTCMKTS:ACGBY opened at $21.60 on Friday. The business’s 50 day simple moving average is $21.04 and its two-hundred day simple moving average is $18.97. The firm has a market cap of $302.39 billion, a P/E ratio of 7.10 and a beta of 0.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.87. Agri Bank China has a 52-week low of $15.85 and a 52-week high of $23.19.

Agri Bank China (OTCMKTS:ACGBY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.93 EPS for the quarter. Agri Bank China had a return on equity of 9.67% and a net margin of 21.94%. The firm had revenue of $30.91 billion during the quarter. As a group, research analysts forecast that Agri Bank China will post 3.30 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Agri Bank China

Agricultural Bank of China, commonly known as ABC, is a major commercial bank headquartered in Beijing. Established in 1951, it is one of China’s state-owned “big four” banks and became a joint-stock company in 2009. ABC provides banking and financial services to individuals, businesses, and government and institutional clients. Its offerings include deposits, loans, payments, wealth management, and corporate and investment banking services. The bank serves customers throughout mainland China, including rural and agricultural communities, and also operates internationally through overseas branches and subsidiaries.