Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Sees Significant Increase in Short Interest

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, an increase of 126.7% from the February 28th total of 3,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is currently 0.3 days.

Anhui Conch Cement Trading Down 2.6 %

Shares of OTCMKTS AHCHY opened at $14.27 on Friday. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 14.86 and a beta of 0.39. Anhui Conch Cement has a 12-month low of $9.98 and a 12-month high of $17.19. The stock’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $13.45. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $47.10 billion. Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th.

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.