Short Interest in Anhui Conch Cement Co. (OTCMKTS:AHCHY) Decreases By 40.0%

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,200 shares, a drop of 40.0% from the May 15th total of 2,000 shares. Based on an average daily volume of 24,300 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

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 report on Tuesday, March 25th.

Anhui Conch Cement Trading Up 0.0%

Shares of OTCMKTS AHCHY traded up $0.01 during trading on Thursday, reaching $12.55. 9,502 shares of the company traded hands, compared to its average volume of 10,241. The firm's fifty day simple moving average is $13.43 and its 200 day simple moving average is $13.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.96 and a current ratio of 3.25. Anhui Conch Cement has a 12-month low of $9.98 and a 12-month high of $17.19.

Anhui Conch Cement (OTCMKTS:AHCHY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.23 earnings per share for the quarter. Anhui Conch Cement had a return on equity of 4.28% and a net margin of 9.56%. The company had revenue of $2.62 billion during the quarter.

Anhui Conch Cement Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.3531 per share. This represents a dividend yield of 2.77%. The ex-dividend date is Wednesday, June 4th. Anhui Conch Cement's dividend payout ratio (DPR) is 31.53%.

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.