China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) Sees Significant Increase in Short Interest

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 17,700 shares, an increase of 2,850.0% from the June 30th total of 600 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is presently 3.9 days.

China Resources Building Materials Technology Price Performance

Shares of CARCY remained flat at $6.64 during trading hours on Thursday. 10 shares of the stock were exchanged, compared to its average volume of 1,124. China Resources Building Materials Technology has a 52-week low of $3.86 and a 52-week high of $12.40. The stock has a market cap of $1.55 billion, a P/E ratio of 15.09 and a beta of 0.06. The firm has a 50 day moving average price of $5.85 and a two-hundred day moving average price of $5.29.

China Resources Building Materials Technology Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, May 31st will be issued a dividend of $0.0219 per share. The ex-dividend date is Friday, May 31st. China Resources Building Materials Technology’s dividend payout ratio (DPR) is 9.09%.

China Resources Building Materials Technology Company Profile

China Resources Building Materials Technology Holdings Limited, an investment holding company, manufactures and sells cement, concrete, aggregates, and related products and services in Mainland China. It operates through Cement, Concrete, and Aggregates and Others segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.