The Siam Cement Public Company Limited (OTCMKTS:SCVPF – Get Rating) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 467,300 shares, a drop of 26.4% from the May 15th total of 634,600 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 1,557.7 days.
OTCMKTS SCVPF opened at $10.64 on Wednesday. Siam Cement Public has a 12-month low of $10.45 and a 12-month high of $12.75. The firm’s 50 day moving average is $10.95 and its 200-day moving average is $11.44.
About Siam Cement Public (Get Rating)
The Siam Cement Public Co Ltd. is an investment holding company, which engages in the business of industrial supplies and construction industries. It operates through the following segments: SCG Cement-Building Materials, SCG Chemicals, SCG Packaging, and Other. The SCG Cement-Building Materials segment manufactures and sells of grey cement, ready-mixed concrete, white cement, dry mortar, roof tiles, concrete paving blocks, ceramic tiles, sanitary wares, and sanitary fittings; and distribution of cement, building and decorative products, as well as importing fuel products, waste paper, and scrap iron.
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