Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Up 126.7% in March

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,800 shares, an increase of 126.7% from the February 28th total of 3,000 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Anhui Conch Cement Stock Performance

Shares of AHCHY stock traded down $0.22 during trading hours on Monday, hitting $14.06. The stock had a trading volume of 3,600 shares, compared to its average volume of 16,353. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03. The firm has a market capitalization of $14.90 billion, a PE ratio of 14.64 and a beta of 0.39. The stock's 50 day moving average is $13.75 and its 200 day moving average is $13.50. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.16). The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

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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.