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

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,196 shares, a decline of 87.3% from the August 15th total of 40,962 shares. Based on an average daily trading volume, of 66,184 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Anhui Conch Cement Stock Performance

AHCHY stock opened at $10.44 on Friday. The company has a quick ratio of 3.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $11.01 billion, a PE ratio of 11.73 and a beta of 0.18. The business has a 50 day moving average of $11.06 and a 200-day moving average of $12.28. Anhui Conch Cement has a 12-month low of $10.44 and a 12-month high of $17.05.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Anhui Conch Cement had a return on equity of 3.11% and a net margin of 8.02%.The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.33 billion.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based manufacturer of cement and related building materials. The company’s principal products include cement clinker and finished cement, which are used in residential and commercial construction, infrastructure projects, roads, bridges and other industrial applications.

Founded in 1997 and headquartered in Wuhu, Anhui Province, Anhui Conch Cement operates an integrated production network that includes limestone mining, clinker production, cement grinding and distribution.