Anhui Conch Cement Co. (OTCMKTS:AHCHY) Short Interest Update

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 60,384 shares, a growth of 3,132.5% from the May 14th total of 1,868 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 83,330 shares, the days-to-cover ratio is currently 0.7 days.

Anhui Conch Cement Price Performance

Anhui Conch Cement stock opened at $11.53 on Thursday. The company’s fifty day moving average price is $12.64 and its 200 day moving average price is $14.15. Anhui Conch Cement has a 1 year low of $11.36 and a 1 year high of $17.11. The stock has a market capitalization of $12.17 billion, a P/E ratio of 10.68 and a beta of 0.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.92 and a current ratio of 3.19.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its earnings results on Tuesday, March 24th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.17). Anhui Conch Cement had a return on equity of 3.92% and a net margin of 9.72%.The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.58 billion.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited (OTCMKTS: AHCHY) is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high‐performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.