Short Interest in Agricultural Bank of China Limited (OTCMKTS:ACGBF) Declines By 50.4%

Agricultural Bank of China Limited (OTCMKTS:ACGBF) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 13,852,652 shares, a decline of 50.4% from the August 15th total of 27,904,481 shares. Based on an average daily volume of 125 shares, the days-to-cover ratio is presently 110,821.2 days.

Agricultural Bank of China Stock Performance

OTCMKTS:ACGBF opened at $0.80 on Wednesday. The business’s fifty day moving average is $0.75 and its 200 day moving average is $0.73. Agricultural Bank of China has a 52-week low of $0.62 and a 52-week high of $0.82.

About Agricultural Bank of China

Agricultural Bank of China Limited, one of China’s “Big Four” state-owned commercial banks, offers a broad range of financial products and services to individuals, corporations and government entities. Established in 1951 as the Agricultural Cooperative Bank and reorganized in 1979 as a standalone commercial bank, it has maintained a strategic focus on serving the agricultural sector, rural communities and urban enterprises. Through its extensive domestic branch network, the bank provides deposit-taking, lending, trade finance, treasury operations and risk management solutions.

In its retail segment, Agricultural Bank of China delivers personal deposit accounts, mortgage financing, auto loans, credit card services and wealth management products.