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

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 8th.

Anhui Conch Cement Price Performance

Shares of OTCMKTS:AHCHY opened at $13.65 on Thursday. The stock has a market capitalization of $14.47 billion, a P/E ratio of 14.22 and a beta of 0.28. The business has a 50-day moving average of $13.04 and a two-hundred day moving average of $12.85. Anhui Conch Cement has a fifty-two week low of $9.98 and a fifty-two 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.

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.