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

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the target of a large increase in short interest in the month of 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 Trading Down 0.6 %

AHCHY stock traded down $0.09 on Friday, reaching $13.79. The company’s stock had a trading volume of 5,197 shares, compared to its average volume of 35,519. The business has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $12.12. Anhui Conch Cement has a 12-month low of $9.82 and a 12-month high of $17.19. The firm has a market cap of $14.62 billion, a PE ratio of 8.31 and a beta of 0.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40.

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.