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

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 400 shares, a drop of 20.0% from the July 31st total of 500 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 4.0 days.

China Resources Building Materials Technology Stock Performance

CARCY remained flat at $6.62 on Friday. 65 shares of the company traded hands, compared to its average volume of 2,509. The stock’s 50 day simple moving average is $6.33 and its 200 day simple moving average is $5.57. China Resources Building Materials Technology has a 52 week low of $3.86 and a 52 week high of $11.58. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 15.05 and a beta of 0.06.

China Resources Building Materials Technology Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, September 13th will be issued a $0.0616 dividend. This is an increase from China Resources Building Materials Technology’s previous dividend of $0.02. The ex-dividend date of this dividend is Friday, September 13th. China Resources Building Materials Technology’s dividend payout ratio (DPR) is presently 27.27%.

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.