Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Update

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 31,700 shares, a drop of 64.2% from the January 15th total of 88,500 shares. Based on an average daily volume of 32,500 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

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

Anhui Conch Cement Stock Performance

AHCHY stock traded up $0.07 during mid-day trading on Friday, hitting $13.52. 10,585 shares of the company were exchanged, compared to its average volume of 20,674. Anhui Conch Cement has a 1-year low of $9.98 and a 1-year high of $17.19. The stock has a market capitalization of $14.33 billion, a PE ratio of 14.08 and a beta of 0.28. The business has a 50 day simple moving average of $13.06 and a 200-day simple moving average of $12.88. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.

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.