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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 15,800 shares, a growth of 777.8% from the December 31st total of 1,800 shares. Based on an average trading volume of 46,200 shares, the days-to-cover ratio is presently 0.3 days.

Anhui Conch Cement Stock Up 0.1 %

Shares of Anhui Conch Cement stock opened at $13.46 on Wednesday. The firm has a market cap of $14.27 billion, a price-to-earnings ratio of 14.02 and a beta of 0.28. The stock has a 50-day simple moving average of $13.00 and a 200-day simple moving average of $12.78. Anhui Conch Cement has a 52-week low of $9.82 and a 52-week high of $17.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised 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.