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

China Resources Building Materials Technology Holdings Limited (OTCMKTS:CARCY) was the target of a large decrease in short interest in 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 Price Performance

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

China Resources Building Materials Technology (OTCMKTS:CARCY) last issued its earnings results 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%. On average, analysts predict that China Resources Building Materials Technology will post 0.07 earnings per share for the current fiscal year.

China Resources Building Materials Technology Increases Dividend

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

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.