Cre8 Enterprise Limited (NASDAQ:CRE) Shares Shorted: Short Interest Up 251.7% in September

Cre8 Enterprise Limited (NASDAQ:CRE) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 31,006 shares, an increase of 251.7% from the September 15th total of 8,815 shares. Based on an average daily volume of 70,704 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.9% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Cre8 Enterprise from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cre8 Enterprise Stock Performance

CRE traded down $0.14 during trading on Friday, reaching $2.86. 40,512 shares of the stock traded hands, compared to its average volume of 176,350. The stock’s 50-day moving average is $2.94 and its 200 day moving average is $2.79. Cre8 Enterprise has a 12 month low of $1.68 and a 12 month high of $8.64.

Cre8 Enterprise Company Profile

Cre8 Enterprise Limited (NASDAQ: CRE) is a Hong Kong-based investment holding company that provides financial and corporate advisory services. Its offerings are primarily designed to support companies with capital raising, regulatory compliance, securities transactions, and other corporate needs.

The company provides corporate finance advisory, compliance advisory, and company secretarial services. It also offers securities dealing and brokerage services, including assistance with share placements and underwriting activities.