Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Sees Significant Growth in Short Interest

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 15,800 shares, a growth of 777.8% from the December 31st total of 1,800 shares. Based on an average trading volume of 46,200 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

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

Anhui Conch Cement Stock Performance

Shares of Anhui Conch Cement stock traded up $0.01 during trading on Tuesday, hitting $13.46. 8,218 shares of the company’s stock traded hands, compared to its average volume of 27,542. Anhui Conch Cement has a 1 year low of $9.82 and a 1 year high of $17.19. The business has a 50-day simple moving average of $13.02 and a 200-day simple moving average of $12.77. The stock has a market capitalization of $14.27 billion, a P/E ratio of 14.02 and a beta of 0.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

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.