Short Interest in Agri Bank China (OTCMKTS:ACGBY) Rises By 117.6%

Key Points

• Agri Bank China experienced a significant increase in short interest, rising by117.6% to 16,100 shares by July 31st, with a short-interest ratio of 0.4 days.
• The company announced an upcoming dividend of $0.3231 per share, resulting in a dividend yield of 358.0%, which is an increase from the previous dividend of $0.31.
• Despite a recent trading decrease of 2.0%, Agri Bank China's stock reflects strong fundamentals, including a market cap of $240.09 billion and a price-to-earnings ratio of 6.62.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 16,100 shares, anincreaseof117.6% from the July 15th total of 7,400 shares. Approximately0.0% of the company's shares are sold short. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.0% of the company's shares are sold short.

Agri Bank China Trading Up 0.8%

Shares of Agri Bank China stock traded up $0.14 on Friday, reaching $17.71. The company had a trading volume of 40,822 shares, compared to its average volume of 28,206. Agri Bank China has a 1 year low of $10.55 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $247.93 billion, a price-to-earnings ratio of 6.84 and a beta of 0.08. The firm's 50-day moving average price is $17.38 and its two-hundred day moving average price is $15.96.

Agri Bank China Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, July 11th will be issued a $0.3231 dividend. The ex-dividend date is Thursday, July 10th. This represents a dividend yield of 358.0%. This is a positive change from Agri Bank China's previous dividend of $0.31. Agri Bank China's dividend payout ratio (DPR) 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.