The Siam Cement Public Company Limited (OTCMKTS:SCVPF) Sees Significant Growth in Short Interest

The Siam Cement Public Company Limited (OTCMKTS:SCVPFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 657,300 shares, an increase of 391.6% from the April 15th total of 133,700 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 1,643.3 days.

Shares of OTCMKTS SCVPF opened at $11.08 on Thursday. The business’s 50 day moving average is $11.72 and its two-hundred day moving average is $11.57. Siam Cement Public has a 12 month low of $11.00 and a 12 month high of $14.70.

About Siam Cement Public (Get Rating)

The Siam Cement Public Co Ltd. is an investment holding company, which engages in the business of industrial supplies and construction industries. It operates through the following segments: SCG Cement-Building Materials, SCG Chemicals, SCG Packaging, and Other. The SCG Cement-Building Materials segment manufactures and sells of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares, and sanitary fittings; and distribution of cement, building and decorative products, as well as importing fuel products, waste paper, and scrap iron.

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