Short Interest in Agri Bank China (OTCMKTS:ACGBY) Decreases By 70.2%

Key Points

• Agri Bank China's short interest declined by 70.2% in August, dropping to 4,800 shares from 16,100 shares at the end of July.
• The bank announced an increase in its dividend to $0.3231 per share, reflecting a yield of 358.0%.
• Agri Bank China's stock opened at $17.09, with a market cap of $239.25 billion and a P/E ratio of 6.60.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 4,800 shares, adecreaseof70.2% from the July 31st total of 16,100 shares. Based on an average daily trading volume, of 55,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 55,800 shares, the days-to-cover ratio is presently 0.1 days.

Agri Bank China Stock Up 1.0%

OTCMKTS:ACGBY traded up $0.17 during trading hours on Friday, hitting $17.50. The company's stock had a trading volume of 12,383 shares, compared to its average volume of 39,994. The stock has a market capitalization of $244.92 billion, a P/E ratio of 6.75 and a beta of 0.11. The stock has a fifty day moving average of $17.21 and a 200-day moving average of $16.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.99. Agri Bank China has a 52-week low of $10.55 and a 52-week high of $18.45.

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 return on equity of 9.26% and a net margin of 20.80%.The firm had revenue of $25.31 billion for the quarter.

Agri Bank China Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, July 11th will be paid a $0.3231 dividend. This is a boost from Agri Bank China's previous dividend of $0.31. This represents a yield of 358.0%. The ex-dividend date is 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.