Anhui Conch Cement Co. (OTCMKTS:AHCHY) Sees Large Drop in Short Interest

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,100 shares, a decline of 41.7% from the September 15th total of 3,600 shares. Based on an average daily volume of 26,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 26,800 shares, the short-interest ratio is currently 0.1 days.

Anhui Conch Cement Stock Down 0.2%

OTCMKTS AHCHY opened at $15.33 on Thursday. The company has a quick ratio of 2.93, a current ratio of 3.23 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $15.37 and its 200 day moving average price is $14.31. Anhui Conch Cement has a 12 month low of $11.82 and a 12 month high of $17.11.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its earnings results on Tuesday, August 26th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). Anhui Conch Cement had a return on equity of 4.65% and a net margin of 10.74%.The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $24 billion.

Anhui Conch Cement Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were given a $0.1173 dividend. This represents a dividend yield of 77.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Anhui Conch Cement’s payout ratio is currently 19.67%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.