Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Update

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, an increase of 126.7% from the February 28th total of 3,000 shares. Based on an average daily trading volume, of 22,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Anhui Conch Cement Stock Down 2.6 %

AHCHY stock opened at $14.27 on Friday. The firm has a market cap of $15.12 billion, a PE ratio of 14.86 and a beta of 0.39. Anhui Conch Cement has a 1 year low of $9.98 and a 1 year high of $17.19. The company has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $13.43. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings results on Monday, March 24th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $47.10 billion. Anhui Conch Cement had a return on equity of 3.72% and a net margin of 6.70%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a report on Tuesday.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.