The Siam Cement Public Company Limited (OTCMKTS:SCVPY) Sees Significant Decline in Short Interest

The Siam Cement Public Company Limited (OTCMKTS:SCVPY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 79 shares, a decline of 39.2% from the August 15th total of 130 shares. Based on an average daily volume of 72 shares, the days-to-cover ratio is presently 1.1 days.

Siam Cement Public Price Performance

Shares of SCVPY opened at $7.40 on Wednesday. Siam Cement Public has a 52-week low of $6.51 and a 52-week high of $8.56. The stock has a 50 day moving average price of $8.01 and a 200 day moving average price of $7.27.

Siam Cement Public Company Profile

Siam Cement Public Company Limited, known as SCG, is one of Thailand’s largest industrial conglomerates with core operations in cement, building materials, chemicals and packaging. Established in 1913 by royal charter, the company has grown from its beginnings as a state?promoted cement producer into a diversified group serving markets across Southeast Asia and beyond. Headquartered in Bangkok, SCG combines a mix of state and institutional shareholding with private investment to maintain its position as a leading regional supplier of construction and industrial products.

In its Cement?Building Materials business, SCG manufactures and markets cement, concrete, mortar, roofing products, ceramic tiles, pipes and related construction materials under a variety of well-known brands.