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

Agri Bank China (OTCMKTS:ACGBY) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 46,511 shares, a growth of 75.7% from the September 15th total of 26,479 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 55,735 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Agri Bank China has an average rating of “Hold”.

Agri Bank China Stock Down 1.0%

Agri Bank China stock opened at $21.50 on Friday. The company has a 50-day simple moving average of $20.28 and a 200-day simple moving average of $19.17. The firm has a market capitalization of $300.99 billion, a P/E ratio of 7.52 and a beta of 0.10. 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 one year low of $15.85 and a one year high of $22.24.

Agri Bank China (OTCMKTS:ACGBY) last posted its earnings results on Friday, August 28th. The company reported $0.73 EPS for the quarter. The firm had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.06 billion. Agri Bank China had a net margin of 21.51% and a return on equity of 9.38%.

About Agri Bank China

Agricultural Bank of China Limited, also known as Agri Bank China, is a state-owned commercial bank headquartered in Beijing. The bank traces its origins to 1951 and was reorganized as a commercial banking institution in 1979. It has historically focused on supporting agriculture, rural communities and county-level economies while expanding into a broad range of commercial banking activities.

The bank provides deposits, corporate and personal loans, payment and settlement services, credit cards, wealth management, investment banking and financial-market services.