Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Up 777.8% in December

Anhui Conch Cement Company Limited (OTCMKTS:AHCHYGet 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.

Check Out Our Latest Stock Report on AHCHY

About Anhui Conch Cement

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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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