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

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,400 shares, a decrease of 33.3% from the September 30th total of 2,100 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is presently 0.1 days.

Anhui Conch Cement Price Performance

OTCMKTS AHCHY opened at $14.87 on Friday. Anhui Conch Cement has a 52 week low of $11.82 and a 52 week high of $17.11. The firm has a market capitalization of $15.76 billion, a P/E ratio of 12.19 and a beta of 0.22. 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 company has a 50-day moving average price of $15.32 and a 200-day moving average price of $14.38.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Anhui Conch Cement had a net margin of 10.74% and a return on equity of 4.65%. The firm had revenue of $2.80 billion during the quarter.

Anhui Conch Cement Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th were issued a $0.1173 dividend. This represents a yield of 77.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Anhui Conch Cement’s dividend payout ratio is currently 18.85%.

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.