Anhui Conch Cement Co. (OTCMKTS:AHCHY) Sees Significant Drop in Short Interest

Anhui Conch Cement Co. (OTCMKTS:AHCHY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,100 shares, a drop of 41.7% from the September 15th total of 3,600 shares. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.1 days.

Anhui Conch Cement Stock Performance

Shares of AHCHY opened at $15.35 on Wednesday. The business’s fifty day moving average price is $15.39 and its 200 day moving average price is $14.31. Anhui Conch Cement has a 12-month low of $11.82 and a 12-month high of $17.11. The stock has a market capitalization of $16.27 billion, a PE ratio of 12.58 and a beta of 0.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.23 and a quick ratio of 2.93.

Anhui Conch Cement (OTCMKTS:AHCHY) last announced its quarterly earnings data on Tuesday, August 26th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). Anhui Conch Cement had a return on equity of 4.65% and a net margin of 10.74%.The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $24 billion.

Anhui Conch Cement Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th were paid a dividend of $0.1173 per share. The ex-dividend date was Tuesday, September 9th. This represents a yield of 77.0%. Anhui Conch Cement’s dividend payout ratio (DPR) is 18.85%.

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.