Short Interest in Agri Bank China (OTCMKTS:ACGBY) Rises By 101.0%

Agri Bank China (OTCMKTS:ACGBY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,609 shares, a growth of 101.0% from the July 15th total of 3,288 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 38,641 shares, the short-interest ratio is currently 0.2 days.

Agri Bank China Price Performance

Shares of Agri Bank China stock opened at $18.61 on Monday. The firm has a market cap of $260.58 billion, a P/E ratio of 6.70 and a beta of 0.10. The firm’s 50-day simple moving average is $18.32 and its 200-day simple moving average is $18.11. Agri Bank China has a twelve month low of $15.85 and a twelve month high of $21.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup downgraded Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research raised Agri Bank China from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

About Agri Bank China

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.