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

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

Anhui Conch Cement Stock Down 0.5%

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

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.58 billion. Anhui Conch Cement had a net margin of 9.72% and a return on equity of 3.92%.

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.