Short Interest in China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) Drops By 77.8%

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCYGet Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decrease of 77.8% from the October 15th total of 900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 2.0 days.

China Resources Building Materials Technology Stock Performance

CARCY remained flat at $7.35 during midday trading on Thursday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 43. The stock has a market capitalization of $1.71 billion, a P/E ratio of 56.54 and a beta of 0.08. The company’s 50-day moving average is $7.21 and its two-hundred day moving average is $6.44. China Resources Building Materials Technology has a 1-year low of $3.86 and a 1-year high of $8.81.

China Resources Building Materials Technology (OTCMKTS:CARCYGet Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $762.93 million during the quarter. China Resources Building Materials Technology had a net margin of 1.07% and a return on equity of 0.38%. On average, research analysts expect that China Resources Building Materials Technology will post 0.07 EPS for the current year.

China Resources Building Materials Technology Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, September 13th were given a $0.0616 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from China Resources Building Materials Technology’s previous dividend of $0.02. China Resources Building Materials Technology’s dividend payout ratio (DPR) is 92.31%.

China Resources Building Materials Technology Company Profile

(Get Free Report)

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.

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