Short Interest in Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Drops By 89.8%

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a decrease of 89.8% from the February 13th total of 29,400 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Anhui Conch Cement Trading Down 2.8 %

AHCHY stock opened at $13.93 on Thursday. Anhui Conch Cement has a 52-week low of $9.98 and a 52-week high of $17.19. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08. The firm has a market cap of $14.76 billion, a P/E ratio of 14.51 and a beta of 0.39. The company’s 50-day simple moving average is $13.24 and its 200-day simple moving average is $13.11.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th.

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.