Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Sees Significant Decline in Short Interest

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 89.8% from the February 13th total of 29,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 26,200 shares, the days-to-cover ratio is currently 0.1 days.

Anhui Conch Cement Stock Performance

AHCHY traded down $0.20 on Wednesday, hitting $14.33. 15,464 shares of the stock traded hands, compared to its average volume of 18,725. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average price of $13.22 and a two-hundred day moving average price of $13.11. Anhui Conch Cement has a 52 week low of $9.98 and a 52 week high of $17.19. The firm has a market capitalization of $15.19 billion, a PE ratio of 14.93 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th.

About Anhui Conch Cement

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company operates through five segments: Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services.