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

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 200 shares, a decline 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 presently 2.0 days.

China Resources Building Materials Technology Price Performance

OTCMKTS CARCY remained flat at $7.35 during trading on Tuesday. The company’s stock had a trading volume of 2 shares, compared to its average volume of 44. The firm has a market cap of $1.71 billion, a P/E ratio of 56.54 and a beta of 0.07. The company has a 50 day moving average price of $7.18 and a 200-day moving average price of $6.42. China Resources Building Materials Technology has a 12-month low of $3.86 and a 12-month high of $8.81.

China Resources Building Materials Technology (OTCMKTS:CARCY) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter. China Resources Building Materials Technology had a return on equity of 0.38% and a net margin of 1.07%. The business had revenue of $762.93 million during the quarter. Sell-side 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 declared a dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, September 13th will be given a $0.0616 dividend. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from China Resources Building Materials Technology’s previous dividend of $0.02. China Resources Building Materials Technology’s dividend payout ratio (DPR) is presently 92.31%.

China Resources Building Materials Technology Company Profile

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.