Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Sees Large Growth in Short Interest

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 13,900 shares, an increase of 969.2% from the September 30th total of 1,300 shares. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is currently 0.4 days.

Anhui Conch Cement Stock Up 3.4 %

Shares of Anhui Conch Cement stock opened at $14.26 on Friday. The firm has a market cap of $15.11 billion, a PE ratio of 8.59 and a beta of 0.34. The business’s 50 day simple moving average is $12.46 and its 200 day simple moving average is $12.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40. Anhui Conch Cement has a 52-week low of $9.82 and a 52-week high of $17.19.

Anhui Conch Cement Company Profile

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.