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

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 156 shares, a drop of 99.4% from the March 31st total of 27,799 shares. Based on an average daily volume of 118,470 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Anhui Conch Cement Trading Up 0.2%

Shares of Anhui Conch Cement stock opened at $12.75 on Friday. The stock has a market cap of $13.46 billion, a PE ratio of 11.49 and a beta of 0.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.19 and a quick ratio of 2.92. The firm has a fifty day moving average price of $14.24 and a 200 day moving average price of $14.82. Anhui Conch Cement has a 1 year low of $11.82 and a 1 year high of $17.11.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings results on Tuesday, March 24th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.58 billion. Anhui Conch Cement had a net margin of 9.90% and a return on equity of 4.06%.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited (OTCMKTS: AHCHY) is one of China’s leading cement manufacturers, specializing in the production and sale of cement, clinker and related building materials. Headquartered in Wuhu, Anhui Province, the company operates an integrated network of production facilities that serve residential, commercial and infrastructure markets across multiple regions in China. Its product portfolio covers a broad range of cement types, including ordinary portland cement, blended cement and special-purpose cements for roads and high‐performance construction projects.

Established in 1997 as part of the Anhui Conch Group’s expansion into building materials, Anhui Conch Cement was listed on the Shanghai Stock Exchange in 2003.