Agri Bank China (OTCMKTS:ACGBY) Shares Shorted: Short Interest Down 77.0% in October

Agri Bank China (OTCMKTS:ACGBY) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 6,831 shares, a drop 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. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Agri Bank China Trading Up 1.7%

Shares of OTCMKTS ACGBY opened at $21.97 on Friday. The company has a market cap of $307.57 billion, a PE ratio of 7.08 and a beta of 0.11. Agri Bank China has a 52-week low of $15.85 and a 52-week high of $23.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50 day moving average price is $21.07 and its 200-day moving average price is $18.99.

Agri Bank China (OTCMKTS:ACGBY) last posted its earnings results 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 business had revenue of $30.91 billion during the quarter. On average, equities research analysts expect that Agri Bank China will post 3.30 EPS for the current fiscal year.

Agri Bank China Company Profile

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.