Agri Bank China (OTCMKTS:ACGBY) Sees Large Drop in Short Interest

Agri Bank China (OTCMKTS:ACGBY) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 725 shares, a decrease of 86.3% from the November 30th total of 5,291 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 55,556 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 55,556 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Agri Bank China Stock Up 0.6%

ACGBY stock traded up $0.11 during midday trading on Wednesday, hitting $18.06. 7,120 shares of the company’s stock were exchanged, compared to its average volume of 28,632. The firm has a 50 day moving average price of $18.76 and a 200-day moving average price of $17.77. Agri Bank China has a 12-month low of $12.68 and a 12-month high of $20.98. The stock has a market capitalization of $252.83 billion, a price-to-earnings ratio of 6.65 and a beta of 0.06. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.02.

Agri Bank China (OTCMKTS:ACGBY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.77 earnings per share for the quarter. Agri Bank China had a net margin of 21.14% and a return on equity of 9.25%.

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.