Short Interest in Agri Bank China (OTCMKTS:ACGBY) Rises By 56.6%

Key Points

• Short interest in Agri Bank China (OTCMKTS: ACGBY) significantly increased by 56.6% in September, rising from 18,200 shares to a total of 28,500 shares.
• The company's latest earnings report indicated an earnings per share (EPS) of $0.62 and revenue of $25.31 billion for the quarter, reflecting a net margin of 20.80%.
• Agri Bank China has a market capitalization of $230.57 billion and is trading at approximately $16.47, with a 1-year price range of $11.46 to $18.45.

Agri Bank China (OTCMKTS:ACGBY - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 28,500 shares, an increase of 56.6% from the August 31st total of 18,200 shares. Based on an average daily volume of 101,800 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 101,800 shares, the short-interest ratio is presently 0.3 days.

Agri Bank China Price Performance

OTCMKTS:ACGBY opened at $16.47 on Tuesday. 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 company has a 50 day moving average price of $17.07 and a 200-day moving average price of $16.48. Agri Bank China has a 1-year low of $11.46 and a 1-year high of $18.45. The firm has a market cap of $230.57 billion, a price-to-earnings ratio of 6.36 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 (EPS) for the quarter. The company 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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