Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Up 126.7% in March

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, a growth of 126.7% from the February 28th total of 3,000 shares. Based on an average daily volume of 22,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Anhui Conch Cement from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Anhui Conch Cement Trading Down 2.6 %

OTCMKTS AHCHY opened at $14.27 on Friday. The firm’s 50 day moving average price is $13.74 and its two-hundred day moving average price is $13.43. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 14.86 and a beta of 0.39. Anhui Conch Cement has a twelve month low of $9.98 and a twelve month high of $17.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.03 and a current ratio of 3.40.

Anhui Conch Cement (OTCMKTS:AHCHY) last issued its earnings results on Monday, March 24th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.16). Anhui Conch Cement had a net margin of 6.70% and a return on equity of 3.72%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $47.10 billion.

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.