Agri Bank China (OTCMKTS:ACGBY – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,208 shares, a growth of 115.0% from the July 30th total of 6,609 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 28,194 shares, the days-to-cover ratio is currently 0.5 days.
Agri Bank China Stock Performance
OTCMKTS:ACGBY opened at $19.77 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.87 and a current ratio of 0.87. Agri Bank China has a fifty-two week low of $15.85 and a fifty-two week high of $21.00. The company has a 50 day simple moving average of $18.52 and a two-hundred day simple moving average of $18.26. The company has a market capitalization of $276.77 billion, a PE ratio of 7.11 and a beta of 0.10.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on ACGBY shares. Citigroup downgraded shares of Agri Bank China from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Agri Bank China from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.
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