Anhui Conch Cement Co. (OTCMKTS:AHCHY – Get Free Report) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 59,883 shares, an increase of 1,047.0% from the October 15th total of 5,221 shares. Based on an average daily trading volume, of 64,258 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the company’s stock are sold short.
Anhui Conch Cement Stock Down 1.2%
OTCMKTS:AHCHY traded down $0.14 during trading hours on Tuesday, hitting $11.15. The company’s stock had a trading volume of 11,189 shares, compared to its average volume of 61,785. Anhui Conch Cement has a 52-week low of $9.72 and a 52-week high of $17.05. The company has a current ratio of 2.90, a quick ratio of 2.61 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $11.75 billion, a P/E ratio of 16.89 and a beta of 0.23. The stock has a fifty day moving average of $10.46 and a 200-day moving average of $12.29.
Anhui Conch Cement (OTCMKTS:AHCHY – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.36). Anhui Conch Cement had a net margin of 5.85% and a return on equity of 2.25%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.95 billion.
Anhui Conch Cement Company Profile
Anhui Conch Cement Company Limited is a Chinese building-materials company focused primarily on producing and selling cement and clinker. Its products serve construction and infrastructure projects, and the company also has businesses in aggregates and ready-mixed concrete. Established in 1997 and headquartered in Wuhu, Anhui Province, the company has production and sales operations in China and has expanded into overseas markets. Its international activities include cement and clinker production and sales in parts of Asia and other regions.
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