Anhui Conch Cement Co. (OTCMKTS:AHCHY) Short Interest Down 40.0% in May

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 1,200 shares, a decrease of 40.0% from the May 15th total of 2,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 24,300 shares, the days-to-cover ratio is presently 0.0 days.

Anhui Conch Cement Stock Performance

Shares of AHCHY opened at $12.55 on Wednesday. The company has a current ratio of 3.25, a quick ratio of 2.96 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $13.47 and a 200 day moving average price of $13.44. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.23 earnings per share (EPS) for the quarter. Anhui Conch Cement had a net margin of 9.56% and a return on equity of 4.28%. The business had revenue of $2.62 billion during the quarter.

Anhui Conch Cement Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.3531 per share. This represents a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, June 4th. Anhui Conch Cement’s payout ratio is currently 31.53%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th.

About Anhui Conch Cement

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.