China National Building Material Company Limited (OTCMKTS:CBUMY) Sees Significant Decline in Short Interest

China National Building Material Company Limited (OTCMKTS:CBUMY) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 200 shares, a drop of 33.3% from the May 31st total of 300 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 0.3 days.

China National Building Material Stock Performance

CBUMY remained flat at $17.93 on Friday. The company’s stock had a trading volume of 12 shares, compared to its average volume of 2,884. The firm’s fifty day moving average is $20.41 and its 200-day moving average is $19.57. China National Building Material has a 12 month low of $17.20 and a 12 month high of $30.88.

China National Building Material Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Monday, May 6th will be paid a dividend of $1.353 per share. The ex-dividend date of this dividend is Friday, May 3rd.

China National Building Material Company Profile

China National Building Material Company Limited, an investment holding company, engages in building material, new materials, and engineering technical services businesses. The company operates through five segments: Cement, Concrete, New materials, Engineering Technology Services, and Others. It produces and sells cement, concrete, and fibreglass, as well as composite and light building materials.