Aluminum Corporation of China L (NYSE:ACH) Jumps in Trading Today – Up by 8.82%


The company is now up by 8.82% since yesterday’s close of 21.31 giving it a place as a top gainer in the market today. 148,079 shares have been traded.

Shares of the company are trading at $23.19 which is well above the 50 day moving average which is $18.30 and impressively higher than the 200 day moving average of $14.08. The 50 day moving average moved up $4.89 whereas the 200 day average was up by +64.66%.

Investors are more bearish on Aluminum Corporation of China L lately at least if you consider the increase in short interest. The company experienced a rise in short interest of 97.87% as of the latest report on August 31, 2017. Short shares increased from 77,772 to 153,885 over that period. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares was 0.00% on August 31.

Here are a few substantial investment firms who have updated their positions. Jane Street Group, LLC divested its stake by selling 18,213 shares a decrease of 35.4% from 03/31/2017 to 06/30/2017. Jane Street Group, LLC claims 33,294 shares valued at $429,000. The total value of its holdings decreased 31.4%. As of the end of the quarter Ubs Group Ag had disposed of a total of 10,161 shares trimming its position 99.0%. The value of the company’s investment in Aluminum Corporation of China L decreased from $124,000 to $1,000 a change of $123,000 quarter over quarter.

As of quarter end Aperio Group, LLC had sold 2,259 shares trimming its holdings by 8.3%. The value of the total investment in Aluminum Corporation of China L went from $330,000 to $321,000 decreasing 2.7% since the last quarter. As of quarter end Blackrock Inc. had bought 5,231 shares growing its stake by 126.5%. The value of the investment in (ACH) increased from $50,000 to $121,000 a change of 142.0% for the reporting period.

Aluminum Corporation of China L’s P/E ratio is 92.76 and the market cap of the company is 13.82B.

Aluminum Corporation of China Limited (Chalco), launched on October 10, 2001, is an aluminum producer with operations in bauxite and coal mining, alumina refining and primary aluminum smelting. The Company also produces ancillary products and services derived from or related to its aluminum operations. The Company organizes and manages its operations in five segments: alumina segment, primary aluminum segment, trading segment, energy segment, and corporate and other operating segment. The Company is also engaged in trading of alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products and raw and ancillary materials in bulk domestically and internationally. In addition, the Company is also engaged in coal mining, power generation, research and development activities, and other products and services. The Business’s corporate and other operating segment includes corporate and other aluminum-related research, development and other activities..