Anhui Conch Cement Co. (OTCMKTS:AHCHY) Stock Short Interest Drops 63.3%

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 5,221 shares, a decrease of 63.3% from the September 30th total of 14,237 shares. Based on an average daily trading volume, of 146,461 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Anhui Conch Cement Stock Performance

Shares of Anhui Conch Cement stock opened at $10.91 on Thursday. The firm has a fifty day moving average of $10.47 and a two-hundred day moving average of $12.43. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 12.26 and a beta of 0.20. Anhui Conch Cement has a 52 week low of $9.72 and a 52 week high of $17.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.61 and a current ratio of 2.90.

Anhui Conch Cement (OTCMKTS:AHCHY) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Anhui Conch Cement had a return on equity of 3.09% and a net margin of 8.02%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.33 billion.

Anhui Conch Cement Company Profile

Anhui Conch Cement Company Limited is a China-based building materials manufacturer headquartered in Wuhu, Anhui Province. The company primarily produces and sells cement and cement clinker, which are used in residential, commercial and infrastructure construction.

Anhui Conch operates an integrated production network that includes limestone mining, raw-material processing, clinker production, cement grinding and distribution. Its product portfolio serves construction projects and may also include related building-material products and services through affiliated businesses.

Established in 1997, the company has expanded its operations across multiple regions of China and into selected international markets through overseas subsidiaries and production facilities.