Agri Bank China (OTCMKTS:ACGBY) Short Interest Update

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 - ) was the target of a large increase in short interest during 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 trading volume, of 42,800 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 42,800 shares, the short-interest ratio is currently 0.4 days. Approximately0.0% of the company's shares are sold short.

Agri Bank China Trading Down 2.0%

ACGBY stock opened at $17.15 on Friday. The company has a market cap of $240.09 billion, a price-to-earnings ratio of 6.62 and a beta of 0.08. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $17.39 and a 200-day simple moving average of $15.88. Agri Bank China has a 52 week low of $10.55 and a 52 week high of $18.45.

Agri Bank China Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.3231 per share. This represents a dividend yield of 358.0%. The ex-dividend date is Thursday, July 10th. This is a positive change from Agri Bank China's previous dividend of $0.31. Agri Bank China's payout ratio is currently 24.71%.

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.

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