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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) saw a significant increase in short interest during the month of 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

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

Anhui Conch Cement Price Performance

AHCHY stock opened at $14.65 on Friday. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $15.53 billion, a P/E ratio of 15.26 and a beta of 0.39. The business has a 50 day simple moving average of $13.73 and a 200-day simple moving average of $13.41. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19.

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

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.