Short Interest in Agri Bank China (OTCMKTS:ACGBY) Expands By 63.1%

Agri Bank China (OTCMKTS:ACGBY) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,036 shares, an increase of 63.1% from the April 30th total of 20,253 shares. Based on an average daily volume of 75,579 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Agri Bank China Stock Performance

OTCMKTS:ACGBY opened at $18.53 on Friday. The company has a fifty day moving average of $18.75 and a 200-day moving average of $18.04. The firm has a market capitalization of $259.41 billion, a P/E ratio of 6.67 and a beta of 0.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.03. Agri Bank China has a twelve month low of $15.85 and a twelve month high of $21.00.

Agri Bank China (OTCMKTS:ACGBY) last released its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share for the quarter. The company had revenue of $24.59 billion during the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.51%. As a group, sell-side analysts anticipate that Agri Bank China will post 3.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of Agri Bank China to a “hold” rating in a report on Thursday, April 23rd. Citigroup lowered shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Agri Bank China has an average rating of “Hold”.

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.