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

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

China Resources Building Materials Technology Stock Performance

China Resources Building Materials Technology stock remained flat at $5.85 during midday trading on Thursday. 2 shares of the company’s stock traded hands, compared to its average volume of 24. China Resources Building Materials Technology has a twelve month low of $3.86 and a twelve month high of $8.81. The company has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $6.78. The company has a market capitalization of $1.36 billion, a P/E ratio of 45.00 and a beta of 0.10.

China Resources Building Materials Technology (OTCMKTS:CARCY) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $762.93 million for the quarter. China Resources Building Materials Technology had a net margin of 1.07% and a return on equity of 0.38%. As a group, equities research analysts forecast 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.