Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) Short Interest Up 777.8% in December

Anhui Conch Cement Company Limited (OTCMKTS:AHCHY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 15,800 shares, an increase of 777.8% from the December 15th total of 1,800 shares. Based on an average daily trading volume, of 46,200 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

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

Anhui Conch Cement Stock Up 0.4 %

OTCMKTS AHCHY traded up $0.05 during trading hours on Monday, reaching $12.46. 28,259 shares of the company traded hands, compared to its average volume of 28,543. Anhui Conch Cement has a 12 month low of $9.82 and a 12 month high of $17.19. The company has a current ratio of 3.40, a quick ratio of 3.03 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $13.21 billion, a PE ratio of 7.51 and a beta of 0.28. The company has a 50 day moving average of $13.19 and a two-hundred day moving average of $12.72.

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.