Short Interest in China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) Declines By 77.8%

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 200 shares, a drop of 77.8% from the October 15th total of 900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 2.0 days.

China Resources Building Materials Technology Stock Performance

Shares of OTCMKTS CARCY remained flat at $7.35 during trading on Wednesday. The company has a market cap of $1.71 billion, a PE ratio of 56.54 and a beta of 0.08. The firm has a 50-day simple moving average of $7.19 and a 200-day simple moving average of $6.43. China Resources Building Materials Technology has a fifty-two week low of $3.86 and a fifty-two week high of $8.81.

China Resources Building Materials Technology (OTCMKTS:CARCY) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.08 EPS for the quarter. The firm had revenue of $762.93 million for the quarter. China Resources Building Materials Technology had a net margin of 1.07% and a return on equity of 0.38%. Equities research analysts predict that China Resources Building Materials Technology will post 0.07 EPS for the current fiscal year.

China Resources Building Materials Technology Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, September 13th were paid a dividend of $0.0616 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from China Resources Building Materials Technology’s previous dividend of $0.02. China Resources Building Materials Technology’s dividend payout ratio (DPR) is 92.31%.

About China Resources Building Materials Technology

China Resources Building Materials Technology Holdings Limited, an investment holding company, manufactures and sells cement, concrete, aggregates, and related products and services in Mainland China. It operates through Cement, Concrete, and Aggregates and Others segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.