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

Agricultural Bank of China Limited (OTCMKTS:ACGBY) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 33,500 shares, an increase of 252.6% from the August 15th total of 9,500 shares. Based on an average daily volume of 50,900 shares, the days-to-cover ratio is presently 0.7 days.

Agricultural Bank of China Price Performance

Shares of OTCMKTS:ACGBY traded down $0.00 during trading on Thursday, hitting $11.17. The company’s stock had a trading volume of 7,386 shares, compared to its average volume of 18,420. The company has a 50-day moving average of $11.14 and a 200-day moving average of $10.95. The firm has a market cap of $156.31 billion, a price-to-earnings ratio of 4.45 and a beta of 0.09. Agricultural Bank of China has a 12 month low of $8.65 and a 12 month high of $12.37.

Agricultural Bank of China (OTCMKTS:ACGBY) last released its quarterly earnings results on Friday, August 30th. The company reported $0.62 earnings per share (EPS) for the quarter. Agricultural Bank of China had a net margin of 19.55% and a return on equity of 9.68%. The company had revenue of $25 billion during the quarter.

About Agricultural Bank of China

Agricultural Bank of China Limited, together with its subsidiaries, provides banking products and services. The company operates through Corporate Banking, Personal Banking, and Treasury Operations segments. It offers demand, personal call, foreign currency call, time or demand optional, foreign exchange call, foreign exchange time, savings, agreed term, and negotiated deposit accounts, as well as certificates of deposit; and loans, including housing, consumer, business, fixed asset, working capital, real estate, and entrusted syndicated loans, as well as trade finances, guarantees and commitments, and loans with custody of export rebates accounts.