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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 300 shares, a decrease of 93.2% from the March 31st total of 4,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,300 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Anhui Conch Cement from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th.

Anhui Conch Cement Stock Down 1.6 %

Shares of OTCMKTS AHCHY traded down $0.22 during mid-day trading on Tuesday, reaching $13.88. 11,949 shares of the company's stock were exchanged, compared to its average volume of 14,934. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 14.46 and a beta of 0.34. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19. The business has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $13.60. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.23 earnings per share for the quarter. Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%.

Anhui Conch Cement Company Profile

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.