China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Update

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 1,966 shares, a decline of 98.2% from the August 15th total of 109,542 shares. Based on an average trading volume of 302,798 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CRHKY shares. Zacks Research upgraded China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein downgraded shares of China Resources Enterprise to a “market perform” rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, China Resources Enterprise presently has a consensus rating of “Hold”.

China Resources Enterprise Stock Down 1.4%

OTCMKTS CRHKY traded down $0.07 during mid-day trading on Thursday, reaching $4.77. The stock had a trading volume of 358,041 shares, compared to its average volume of 137,483. China Resources Enterprise has a 1 year low of $4.73 and a 1 year high of $7.69. The company has a fifty day moving average price of $5.60 and a 200 day moving average price of $6.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46.

China Resources Enterprise Company Profile

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.