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

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

Anhui Conch Cement Trading Down 0.1%

Shares of AHCHY opened at $13.44 on Friday. Anhui Conch Cement has a 1-year low of $11.82 and a 1-year high of $17.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.23 and a quick ratio of 2.93. The stock has a market cap of $14.18 billion, a price-to-earnings ratio of 12.11 and a beta of 0.19. The firm has a 50 day simple moving average of $15.19 and a 200-day simple moving average of $15.06.

Anhui Conch Cement (OTCMKTS:AHCHY) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.58 billion. Anhui Conch Cement had a return on equity of 4.09% and a net margin of 9.90%.

Anhui Conch Cement Company Profile

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.