Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Sees Large Growth in Short Interest

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 15,800 shares, an increase of 777.8% from the December 15th total of 1,800 shares. Based on an average trading volume of 46,200 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised 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

Shares of AHCHY opened at $12.49 on Tuesday. Anhui Conch Cement has a 52 week low of $9.82 and a 52 week high of $17.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40. The company has a market capitalization of $13.24 billion, a PE ratio of 7.52 and a beta of 0.28. The company’s 50 day moving average price is $13.15 and its 200 day moving average price is $12.72.

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.