Anhui Conch Cement Co. (OTCMKTS:AHCHY) Short Interest Up 3,132.5% in May

Anhui Conch Cement Co. (OTCMKTS:AHCHY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 60,384 shares, a growth of 3,132.5% from the May 14th total of 1,868 shares. Based on an average daily volume of 83,330 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Anhui Conch Cement Trading Down 0.5%

Shares of Anhui Conch Cement stock traded down $0.06 during trading on Tuesday, reaching $11.56. The company’s stock had a trading volume of 61,414 shares, compared to its average volume of 66,478. Anhui Conch Cement has a 52-week low of $11.36 and a 52-week high of $17.11. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 10.71 and a beta of 0.19. The firm’s 50-day moving average is $12.73 and its two-hundred day moving average is $14.20. The company has a quick ratio of 2.92, a current ratio of 3.19 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.25 earnings per share 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 analysts’ expectations of $5.58 billion. Anhui Conch Cement had a net margin of 9.72% and a return on equity of 3.92%.

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.