Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 38,500 shares, a decrease of 17.9% from the August 31st total of 46,900 shares. Based on an average daily volume of 87,100 shares, the short-interest ratio is currently 0.4 days.
Several brokerages have recently weighed in on ACH. ValuEngine upgraded shares of Aluminum Corp. of China Limited ADR Class H from a “hold” rating to a “buy” rating in a research note on Thursday, September 10th. Zacks Investment Research cut shares of Aluminum Corp. of China Limited ADR Class H from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Credit Suisse Group upgraded shares of Aluminum Corp. of China Limited ADR Class H from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $1.50 to $3.30 in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $4.53.
ACH traded up $0.01 during trading on Friday, reaching $5.22. 94,876 shares of the company traded hands, compared to its average volume of 49,220. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.85. Aluminum Corp. of China Limited ADR Class H has a 12-month low of $4.60 and a 12-month high of $9.07. The firm has a fifty day simple moving average of $6.00 and a 200 day simple moving average of $5.54.
Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Aluminum Corp. of China Limited ADR Class H during the 2nd quarter valued at approximately $54,000. Marshall Wace LLP purchased a new position in shares of Aluminum Corp. of China Limited ADR Class H in the second quarter valued at $83,000. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 3.2% in the first quarter. Parametric Portfolio Associates LLC now owns 496,380 shares of the basic materials company’s stock valued at $2,482,000 after purchasing an additional 15,405 shares in the last quarter. 0.29% of the stock is owned by institutional investors and hedge funds.
Aluminum Corp. of China Limited ADR Class H Company Profile
Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.
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