Anhui Conch Cement Co. (OTCMKTS:AHCHY – Get Free Report) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 59,883 shares, a growth of 1,047.0% from the October 15th total of 5,221 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 64,258 shares, the days-to-cover ratio is currently 0.9 days.
Anhui Conch Cement Trading Down 1.2%
Shares of AHCHY stock traded down $0.14 during mid-day trading on Tuesday, reaching $11.15. The company’s stock had a trading volume of 11,189 shares, compared to its average volume of 61,785. The company has a quick ratio of 2.61, a current ratio of 2.90 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $11.75 billion, a PE ratio of 16.89 and a beta of 0.23. The company’s 50 day simple moving average is $10.46 and its 200-day simple moving average is $12.29. Anhui Conch Cement has a 12-month low of $9.72 and a 12-month high of $17.05.
Anhui Conch Cement (OTCMKTS:AHCHY – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.36). Anhui Conch Cement had a net margin of 5.85% and a return on equity of 2.25%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.95 billion.
Anhui Conch Cement Company Profile
Anhui Conch Cement Company Limited is a Chinese building-materials company focused primarily on producing and selling cement and clinker. Its products serve construction and infrastructure projects, and the company also has businesses in aggregates and ready-mixed concrete. Established in 1997 and headquartered in Wuhu, Anhui Province, the company has production and sales operations in China and has expanded into overseas markets. Its international activities include cement and clinker production and sales in parts of Asia and other regions.
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