China Resources Building Materials Technology Holdings Limited (CARCY) saw a significant increase in short interest during the month of July, with short interest growing by 2,850.0% from June. This brought the total short interest to 17,700 shares as of July 15th. With an average daily trading volume of 4,500 shares, the short-interest ratio is now 3.9 days.
CARCY opened at $6.97 on Friday, with a market capitalization of $1.62 billion and a P/E ratio of 15.84. The stock has a 50-day moving average price of $5.89 and a 200-day moving average price of $5.30. It has a fifty-two week low of $3.86 and a high of $12.00.
The company also announced a dividend, to be paid on August 1st, with shareholders of record on May 31st receiving $0.0219 per share. The dividend payout ratio is currently 9.09%.
China Resources Building Materials Technology Holdings Limited is involved in the manufacturing and selling of cement, concrete, aggregates, and related products and services in Mainland China. It operates through segments such as Cement, Concrete, and Aggregates and Others. The company’s activities include the excavation of limestone and the production, sale, and distribution of cement, clinker, and concrete.
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