Agricultural Bank of China Limited (OTCMKTS:ACGBF) Sees Significant Increase in Short Interest

Agricultural Bank of China Limited (OTCMKTS:ACGBF) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 12,286,923 shares, a growth of 45.9% from the December 15th total of 8,423,074 shares. Based on an average trading volume of 1,446 shares, the days-to-cover ratio is presently 8,497.2 days. Based on an average trading volume of 1,446 shares, the days-to-cover ratio is presently 8,497.2 days.

Agricultural Bank of China Stock Performance

Shares of OTCMKTS:ACGBF opened at $0.67 on Monday. The company’s fifty day moving average is $0.71 and its 200-day moving average is $0.70. Agricultural Bank of China has a 52 week low of $0.51 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.