Agricultural Bank of China Limited (OTCMKTS:ACGBF) Sees Significant Drop in Short Interest

Agricultural Bank of China Limited (OTCMKTS:ACGBF) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,923,000 shares, a decline of 91.7% from the February 28th total of 47,522,000 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 700.5 days.

Agricultural Bank of China Price Performance

ACGBF stock traded up $0.04 during trading on Wednesday, reaching $0.65. 4,600 shares of the company were exchanged, compared to its average volume of 27,569. The company has a 50-day moving average of $0.57 and a two-hundred day moving average of $0.52. Agricultural Bank of China has a twelve month low of $0.41 and a twelve month high of $0.68.

Agricultural Bank of China Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.1164 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 2.85%. Agricultural Bank of China’s dividend payout ratio (DPR) is presently 31.95%.

About Agricultural Bank of China

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.