Agri Bank China (OTCMKTS:ACGBY) Sees Large Increase in Short Interest

Key Points

• Agri Bank China experienced a significant 279.2% increase in short interest in August, with total short interest reaching 18,200 shares.
• The bank reported earnings of $0.62 per share for the last quarter, along with a revenue of $25.31 billion.
• Agri Bank China has increased its dividend to $0.3231 per share, reflecting a dividend yield of 358.0%.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 18,200 shares, an increase of 279.2% from the August 15th total of 4,800 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 84,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 84,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's shares are sold short.

Agri Bank China Trading Down 0.3%

Shares of ACGBY stock traded down $0.06 on Wednesday, hitting $17.47. 141,637 shares of the stock traded hands, compared to its average volume of 30,836. The firm's 50-day moving average price is $17.18 and its two-hundred day moving average price is $16.36. Agri Bank China has a twelve month low of $11.27 and a twelve month high of $18.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $244.57 billion, a PE ratio of 6.75 and a beta of 0.11.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) last posted its earnings results on Friday, August 29th. The company reported $0.62 EPS for the quarter. Agri Bank China had a net margin of 20.80% and a return on equity of 9.26%. The company had revenue of $25.31 billion for the quarter.

Agri Bank China Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, July 11th were paid a dividend of $0.3231 per share. This represents a yield of 358.0%. This is a boost from Agri Bank China's previous dividend of $0.31. The ex-dividend date was Thursday, July 10th. Agri Bank China's payout ratio is currently 25.10%.

Agri Bank China Company Profile

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.