Anhui Conch Cement Company Limited (OTCMKTS:AHCHY – Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 15,800 shares, an increase of 777.8% from the December 15th total of 1,800 shares. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 0.3 days.
Anhui Conch Cement Price Performance
Shares of OTCMKTS AHCHY opened at $12.49 on Wednesday. Anhui Conch Cement has a 1-year low of $9.82 and a 1-year high of $17.19. The firm has a market capitalization of $13.24 billion, a P/E ratio of 7.52 and a beta of 0.28. The firm’s 50-day moving average price is $13.11 and its 200-day moving average price is $12.73. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upgraded 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.
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