China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) Sees Significant Drop in Short Interest

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 100 shares, a decline of 50.0% from the December 31st total of 200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1.0 days.

China Resources Building Materials Technology Price Performance

Shares of OTCMKTS:CARCY remained flat at $5.85 during trading on Thursday. China Resources Building Materials Technology has a fifty-two week low of $3.86 and a fifty-two week high of $8.81. The firm has a market capitalization of $1.36 billion, a PE ratio of 45.00 and a beta of 0.10. The stock has a 50-day moving average of $6.38 and a 200 day moving average of $6.78.

China Resources Building Materials Technology (OTCMKTS:CARCY) last released its quarterly earnings results on Monday, October 28th. The company reported $0.08 earnings per share for the quarter. China Resources Building Materials Technology had a return on equity of 0.38% and a net margin of 1.07%. The business had revenue of $762.93 million for the quarter. On average, equities research analysts anticipate that China Resources Building Materials Technology will post 0.07 earnings per share for the current fiscal year.

About China Resources Building Materials Technology

China Resources Building Materials Technology Holdings Limited, an investment holding company, manufactures and sells cement, concrete, aggregates, and related products and services in Mainland China. It operates through Cement, Concrete, and Aggregates and Others segments. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete.