China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Down 71.4% in June

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 13,349 shares, a decline of 71.4% from the May 31st total of 46,674 shares. Based on an average trading volume of 509,078 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

China Resources Enterprise Stock Performance

Shares of CRHKY opened at $5.45 on Monday. China Resources Enterprise has a 1-year low of $5.25 and a 1-year high of $7.69. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $6.36 and its 200-day moving average price is $6.65.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About China Resources Enterprise

China Resources Enterprise Limited is a Hong Kong–based conglomerate principally engaged in consumer products distribution, retail operations and food and beverage businesses. Established in 1993 as a publicly listed arm of the state-owned China Resources Group, the company has grown into one of the largest integrated consumer companies operating across Mainland China and Hong Kong.

In its retail division, China Resources Enterprise operates the CR Vanguard chain of supermarkets and convenience stores, supplemented by online grocery platforms and membership loyalty programmes.