Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Sees Significant Decline in Short Interest

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 89.8% from the February 13th total of 29,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is currently 0.1 days.

Anhui Conch Cement Stock Performance

AHCHY traded down $0.09 on Friday, hitting $14.41. The company's stock had a trading volume of 5,148 shares, compared to its average volume of 18,223. The company's 50 day simple moving average is $13.33 and its 200-day simple moving average is $13.16. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08. Anhui Conch Cement has a 12 month low of $9.98 and a 12 month high of $17.19. The firm has a market cap of $15.27 billion, a P/E ratio of 15.01 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 8th.

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.