China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Sees Significant Growth in Short Interest

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 197,669 shares, a growth of 9,954.4% from the August 31st total of 1,966 shares. Based on an average daily volume of 708,677 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

CRHKY has been the topic of a number of recent analyst reports. Sanford C. Bernstein lowered China Resources Enterprise to a “market perform” rating in a report on Wednesday, August 26th. Zacks Research upgraded China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

China Resources Enterprise Trading Up 2.3%

Shares of CRHKY traded up $0.11 during trading hours on Thursday, hitting $4.88. The company’s stock had a trading volume of 1,697,601 shares, compared to its average volume of 157,372. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46. The business has a 50 day simple moving average of $5.42 and a two-hundred day simple moving average of $6.02. China Resources Enterprise has a 52-week low of $4.48 and a 52-week high of $7.69.

About China Resources Enterprise

China Resources Enterprise Limited is a Hong Kong-based consumer and retail company associated with China Resources Group, a large state-owned business conglomerate in China. The company has historically operated across the retail, food and beverage, and consumer products sectors, serving customers in Hong Kong and mainland China.

Its former retail operations included supermarkets, hypermarkets and convenience stores operated under the China Resources Vanguard brand. The company also participated in food distribution and other consumer businesses, while its beverage operations included China Resources Snow Breweries, one of the major beer producers in China.

China Resources Enterprise underwent a significant restructuring in the mid-2010s, divesting or transferring several non-beer businesses and concentrating the listed entity on its brewing operations.