Agricultural Bank of China Limited (OTCMKTS:ACGBF) Sees Significant Decline in Short Interest

Agricultural Bank of China Limited (OTCMKTS:ACGBF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 47,522,000 shares, a decline of 21.4% from the February 13th total of 60,498,800 shares. Based on an average daily volume of 42,700 shares, the days-to-cover ratio is presently 1,112.9 days.

Agricultural Bank of China Price Performance

Shares of OTCMKTS:ACGBF opened at $0.67 on Wednesday. Agricultural Bank of China has a 1-year low of $0.41 and a 1-year high of $0.68. The business has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.51.

Agricultural Bank of China Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.1164 per share. The ex-dividend date was Thursday, January 2nd. This represents a yield of 2.85%. Agricultural Bank of China’s dividend payout ratio is currently 31.95%.

About Agricultural Bank of 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.