Agricultural Bank of China Limited (OTCMKTS:ACGBF – Get Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 11,644,370 shares, a drop of 47.3% from the June 15th total of 22,087,807 shares. Based on an average daily volume of 5,106 shares, the days-to-cover ratio is currently 2,280.5 days.
Agricultural Bank of China Price Performance
OTCMKTS:ACGBF opened at $0.64 on Wednesday. The company has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $0.70. Agricultural Bank of China has a 12 month low of $0.62 and a 12 month 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.
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