Short-term stake in Agricultural Bank of China Limited (OTCMKTS:ACGBY) drops 41.4%

Agricultural Bank of China Limited (OTCMKTS:ACGBY – Get a rating) saw a significant drop in short-term interest rates in September. As of September 30, there was selling interest totaling 18,100 shares, down 41.4% from the September 15 total of 30,900 shares. Based on an average daily volume of 353,600 shares, the day-to-cover ratio is currently 0.1 day.

Wall Street analysts predict growth

Separately, Goldman Sachs Group upgraded shares of the Agricultural Bank of China from a “sell” rating to a “neutral” rating in a Wednesday, July 20 research note.

Agricultural Bank of China price performance

ACGBY shares traded down $0.04 in Thursday’s midday session, hitting $7.36. The stock recorded a trading volume of 262,655 shares, against an average volume of 177,666. The Agricultural Bank of China has a 1-year low of $7.30 and a 1-year high of 10.03 $. The company has a market capitalization of $104.57 billion, a PE ratio of 2.91 and a beta of 0.33. The stock’s 50-day moving average is $7.89 and its 200-day moving average is $8.70.

Agricultural Bank of China (OTCMKTS:ACGBY – Get a rating) last released its quarterly results on Monday, August 29. The company reported earnings per share (EPS) of $0.57 for the quarter. The company had revenue of $25.79 billion in the quarter. The Agricultural Bank of China posted a net margin of 21.12% and a return on equity of 10.82%.

About Agricultural Bank of China

(Get a rating)

Agricultural Bank of China Limited provides corporate and personal banking products and services. The Company operates through Corporate Banking, Personal Banking and Treasury Operations segments. It offers Demand, Personal Call, Foreign Currency Time, Foreign Currency Call, Optional Time or Demand, Foreign Currency Demand, Foreign Currency Call, Foreign Currency Time, Certificates of deposit, savings, agreed term and negotiated deposits; and loans include housing, consumer, business, fixed assets, working capital, real estate and entrusted syndicated loans, as well as trade finance, guarantees and covenants and custodial loans of patronage accounts on export.

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