Agri Bank China (OTCMKTS:ACGBY) Short Interest Up 101.0% in July

Agri Bank China (OTCMKTS:ACGBY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 6,609 shares, a growth of 101.0% from the July 15th total of 3,288 shares. Based on an average daily trading volume, of 38,641 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup downgraded Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Zacks Research upgraded Agri Bank China from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy”.

Agri Bank China Stock Performance

Agri Bank China stock opened at $18.61 on Friday. Agri Bank China has a 12-month low of $15.85 and a 12-month high of $21.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $260.58 billion, a price-to-earnings ratio of 6.70 and a beta of 0.10. The firm’s fifty day moving average price is $18.32 and its 200 day moving average price is $18.11.

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.