Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Down 89.8% in February

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 89.8% from the February 13th total of 29,400 shares. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Anhui Conch Cement Trading Down 1.4 %

Shares of OTCMKTS AHCHY traded down $0.20 during trading on Wednesday, reaching $14.33. The stock had a trading volume of 15,464 shares, compared to its average volume of 18,725. 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 has a fifty-two week low of $9.98 and a fifty-two week high of $17.19. The company has a market cap of $15.19 billion, a P/E ratio of 14.93 and a beta of 0.39. The business’s 50-day moving average price is $13.22 and its 200-day moving average price is $13.11.

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.