Short Interest in China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) Expands By 125.0%

Posted by Teresa Graham on Oct 28th, 2024

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 900 shares, an increase of 125.0% from the September 30th total of 400 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 1.1 days.

China Resources Building Materials Technology Price Performance

Shares of OTCMKTS CARCY opened at $7.50 on Monday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 17.05 and a beta of 0.07. China Resources Building Materials Technology has a 1-year low of $3.86 and a 1-year high of $8.81. The business has a 50-day moving average of $7.01 and a 200-day moving average of $6.18.

China Resources Building Materials Technology (OTCMKTS:CARCY – Get Free Report) last issued its quarterly earnings data on Friday, August 16th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $706.85 million during the quarter. China Resources Building Materials Technology had a net margin of 0.80% and a return on equity of 0.38%. Research analysts expect that China Resources Building Materials Technology will post 0.07 EPS for the current fiscal year.

China Resources Building Materials Technology Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.0616 per share. The ex-dividend date is Friday, September 13th. This is an increase from China Resources Building Materials Technology’s previous dividend of $0.02. China Resources Building Materials Technology’s dividend payout ratio (DPR) is currently 27.27%.

China Resources Building Materials Technology Company Profile

(Get Free Report)

China Resources Building Materials Technology Holdings Limited, an investment holding company, manufactures and sells cement, concrete, aggregates, and related products and services in Mainland China. It operates through Cement, Concrete, and Aggregates and Others segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.