Short Interest in Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Drops By 76.4%

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY – Get Rating) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 4,700 shares, a decrease of 76.4% from the March 15th total of 19,900 shares. Based on an average daily trading volume, of 52,700 shares, the short-interest ratio is presently 0.1 days.

Separately, Zacks Investment Research upgraded Anhui Conch Cement from a “sell” rating to a “hold” rating in a research note on Monday.

Anhui Conch Cement stock opened at $26.87 on Thursday. Anhui Conch Cement has a 12 month low of $22.30 and a 12 month high of $31.45. The stock’s 50 day moving average is $26.38 and its 200-day moving average is $25.88.

About Anhui Conch Cement (Get Rating)

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company conducts its operations through five segments, which include Eastern China, Central China, Southern China, Western China, and Overseas. It provides Portland cement, ordinary Portland cement, slag Portland cement, composite Portland cement under the Conch brand.

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