Short Interest in Agri Bank China (OTCMKTS:ACGBY) Drops By 80.7%

Key Points

• Short interest in Agri Bank China has seen a significant decrease of 80.7% in September, dropping from 28,500 shares to 5,500 shares.
• Agri Bank China shares traded up by 3.1%, with an opening price of $17.75 and a current market cap of $248.42 billion.
• For the last quarter, Agri Bank China reported $0.62 earnings per share and a revenue of $25.31 billion, showcasing a net margin of 20.80%.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 5,500 shares, a decrease of 80.7% from the September 15th total of 28,500 shares. Based on an average daily trading volume, of 143,400 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 143,400 shares, the days-to-cover ratio is currently 0.0 days.

Agri Bank China Trading Up 3.1%

Shares of OTCMKTS ACGBY opened at $17.75 on Friday. 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 business's 50 day moving average price is $17.10 and its 200-day moving average price is $16.54. Agri Bank China has a fifty-two week low of $11.79 and a fifty-two week high of $18.45. The company has a market cap of $248.42 billion, a price-to-earnings ratio of 6.85 and a beta of 0.08.

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

About Agri Bank 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.

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