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

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,196 shares, a decrease of 87.3% from the August 15th total of 40,962 shares. Based on an average daily trading volume, of 66,184 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Anhui Conch Cement Stock Down 0.9%

Anhui Conch Cement stock opened at $10.44 on Friday. The business’s 50-day moving average price is $11.06 and its 200 day moving average price is $12.28. The company has a quick ratio of 3.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 11.73 and a beta of 0.18. Anhui Conch Cement has a 52 week low of $10.44 and a 52 week high of $17.05.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Anhui Conch Cement had a net margin of 8.02% and a return on equity of 3.11%. The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.33 billion.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based manufacturer of cement and related building materials. The company’s principal products include cement clinker and finished cement, which are used in residential and commercial construction, infrastructure projects, roads, bridges and other industrial applications.

Founded in 1997 and headquartered in Wuhu, Anhui Province, Anhui Conch Cement operates an integrated production network that includes limestone mining, clinker production, cement grinding and distribution.