Short Interest in Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Declines By 64.2%

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 31,700 shares, a decline of 64.2% from the January 15th total of 88,500 shares. Based on an average daily trading volume, of 32,500 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

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.

Anhui Conch Cement Trading Down 1.5 %

AHCHY stock opened at $13.45 on Friday. Anhui Conch Cement has a one year low of $9.98 and a one year high of $17.19. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 14.01 and a beta of 0.28. The company has a fifty day moving average price of $13.05 and a two-hundred day moving average price of $12.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.40 and a quick ratio of 3.03.

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.