China Conch Venture Holdings Limited (OTCMKTS:CCVTF) Short Interest Up 220.7% in March

China Conch Venture Holdings Limited (OTCMKTS:CCVTF) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 473,000 shares, an increase of 220.7% from the February 26th total of 147,500 shares. Based on an average daily trading volume, of 3 shares, the days-to-cover ratio is presently 157,666.7 days.

China Conch Venture Price Performance

OTCMKTS:CCVTF opened at $1.17 on Friday. The stock’s 50-day simple moving average is $1.16 and its 200 day simple moving average is $1.17. China Conch Venture has a twelve month low of $0.94 and a twelve month high of $1.17.

About China Conch Venture

China Conch Venture Holdings Limited, trading OTC under the ticker CCVTF, is a Hong Kong–listed subsidiary of Anhui Conch Cement, one of China’s largest cement producers by volume. The company focuses on the manufacture and sale of specialized chemical materials that support the building, construction and related industrial sectors.

Its core product portfolio includes vinyl acetate monomer (VAM) and derivatives such as polyvinyl acetate emulsions and water-based adhesives, which find application in paints, coatings, paper, textiles and packaging.