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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY - Get Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,000 shares, a decline of 63.6% from the April 30th total of 5,500 shares. Based on an average trading volume of 20,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Anhui Conch Cement Price Performance

Anhui Conch Cement stock traded down $0.19 during midday trading on Friday, reaching $12.89. 10,211 shares of the company were exchanged, compared to its average volume of 14,072. The firm's 50-day simple moving average is $13.79 and its 200-day simple moving average is $13.50. Anhui Conch Cement has a 1 year low of $9.98 and a 1 year high of $17.19. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 13.43 and a beta of 0.27. 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 (OTCMKTS:AHCHY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.23 EPS for the quarter. The business had revenue of $2.62 billion during the quarter. Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%.

Wall Street Analysts Forecast Growth

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

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.