Short Interest in Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Declines By 64.2%

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 31,700 shares, a drop of 64.2% from the January 15th total of 88,500 shares. Based on an average trading volume of 32,500 shares, the days-to-cover ratio is presently 1.0 days.

Anhui Conch Cement Trading Up 0.9 %

Shares of OTCMKTS:AHCHY opened at $13.65 on Thursday. The firm has a fifty day moving average of $13.04 and a two-hundred day moving average of $12.85. The company has a quick ratio of 3.03, a current ratio of 3.40 and a debt-to-equity ratio of 0.08. Anhui Conch Cement has a 12-month low of $9.98 and a 12-month high of $17.19. The firm has a market capitalization of $14.47 billion, a P/E ratio of 14.22 and a beta of 0.28.

Wall Street Analysts Forecast Growth

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

About Anhui Conch Cement

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.