Agri Bank China (OTCMKTS:ACGBY) Short Interest Update

Agri Bank China (OTCMKTS:ACGBY) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 20,253 shares, a decline of 74.4% from the April 15th total of 79,235 shares. Based on an average daily trading volume, of 99,208 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Agri Bank China to a “hold” rating in a research report on Thursday, April 23rd. Citigroup cut shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Agri Bank China has a consensus rating of “Hold”.

Agri Bank China Stock Performance

Shares of OTCMKTS:ACGBY opened at $19.52 on Thursday. The company’s 50 day simple moving average is $18.06 and its 200 day simple moving average is $18.14. The stock has a market capitalization of $273.27 billion, a price-to-earnings ratio of 7.02 and a beta of 0.10. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.22 and a quick ratio of 1.22. Agri Bank China has a 1 year low of $15.40 and a 1 year high of $21.00.

Agri Bank China (OTCMKTS:ACGBY) last announced its quarterly earnings data on Monday, March 30th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $24.59 billion for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.51%. As a group, research analysts predict 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.