Short Interest in Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Expands By 777.8%

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 15,800 shares, a growth of 777.8% from the December 15th total of 1,800 shares. Based on an average trading volume of 46,200 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

Anhui Conch Cement Price Performance

Shares of Anhui Conch Cement stock traded up $0.03 during trading on Monday, reaching $12.49. 21,284 shares of the company's stock were exchanged, compared to its average volume of 27,498. The firm's 50-day moving average price is $13.19 and its 200 day moving average price is $12.72. The company has a market cap of $13.24 billion, a P/E ratio of 7.52 and a beta of 0.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40. Anhui Conch Cement has a 1-year low of $9.82 and a 1-year high of $17.19.

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.