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

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 42,610 shares, a growth of 2,531.9% from the June 30th total of 1,619 shares. Based on an average daily trading volume, of 183,373 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Anhui Conch Cement Price Performance

Shares of OTCMKTS:AHCHY opened at $11.40 on Friday. The company has a current ratio of 3.64, a quick ratio of 3.30 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $11.36 and its two-hundred day simple moving average is $13.33. Anhui Conch Cement has a 1-year low of $10.52 and a 1-year high of $17.11. The stock has a market cap of $12.02 billion, a PE ratio of 10.56 and a beta of 0.21.

About Anhui Conch Cement

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.