Anhui Conch Cement Co. (OTCMKTS:AHCHY) Sees Large Drop in Short Interest

Anhui Conch Cement Co. (OTCMKTS:AHCHY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 3,000 shares, a decrease of 73.9% from the August 15th total of 11,500 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 10,000 shares, the short-interest ratio is presently 0.3 days.

Anhui Conch Cement Trading Down 3.5%

Shares of AHCHY stock opened at $15.28 on Friday. The firm has a fifty day moving average of $15.14 and a 200-day moving average of $14.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.23 and a quick ratio of 3.17. Anhui Conch Cement has a 12-month low of $10.83 and a 12-month high of $17.19.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly earnings data on Tuesday, August 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). Anhui Conch Cement had a return on equity of 4.65% and a net margin of 10.74%.The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $24 billion.

Anhui Conch Cement Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th will be given a $0.1173 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a yield of 77.0%. Anhui Conch Cement’s dividend payout ratio (DPR) is 18.85%.

About Anhui Conch Cement

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.