Short Interest in Anhui Conch Cement Co. (OTCMKTS:AHCHY) Grows By 114.4%

Key Points

• Short interest surged 114.4% to 72,666 shares as of March 13 (up from 33,900 on Feb 26), with a short-interest ratio of about 1.3 days based on average daily volume and approximately 0.0% of the stock reported sold short.
• The stock opened at $13.82, has a market cap of $14.59 billion and a P/E of 11.15, with a 52-week range of $11.82–$17.11 and 50/200-day moving averages near $15.24 and $15.08 respectively.
• Anhui Conch Cement is one of China’s leading cement manufacturers, producing cement, clinker and related building materials from an integrated network of production facilities headquartered in Wuhu, Anhui Province.

Anhui Conch Cement Co. (OTCMKTS:AHCHY - Get Free Report) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 72,666 shares, an increase of 114.4% from the February 26th total of 33,900 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 55,641 shares, the short-interest ratio is presently 1.3 days.

Anhui Conch Cement Trading Up 1.5%

Shares of OTCMKTS:AHCHY opened at $13.82 on Thursday. The company has a market cap of $14.59 billion, a P/E ratio of 11.15 and a beta of 0.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.23 and a quick ratio of 2.93. Anhui Conch Cement has a 1 year low of $11.82 and a 1 year high of $17.11. The stock's fifty day moving average price is $15.24 and its 200-day moving average price is $15.08.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited OTCMKTS: AHCHY is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high‐performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.

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