Short Interest in Anhui Conch Cement Co. (OTCMKTS:AHCHY) Rises By 114.4%

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 72,666 shares, an increase of 114.4% from the February 26th total of 33,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 55,641 shares, the short-interest ratio is currently 1.3 days.

Anhui Conch Cement Trading Down 2.6%

Anhui Conch Cement stock opened at $13.46 on Friday. Anhui Conch Cement has a 12-month low of $11.82 and a 12-month high of $17.11. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 12.12 and a beta of 0.19. The firm has a 50 day moving average of $15.21 and a 200 day moving average of $15.07. The company has a current ratio of 3.23, a quick ratio of 2.93 and a debt-to-equity ratio of 0.10.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued 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 9.90% and a return on equity of 4.09%.

About Anhui Conch Cement

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.