China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Stock Short Interest Report for October

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 151,256 shares, a decline of 51.1% from the October 15th total of 309,285 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 504,413 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Sanford C. Bernstein lowered 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 currently has a consensus rating of “Hold”.

China Resources Enterprise Trading Down 0.2%

OTCMKTS:CRHKY traded down $0.01 during trading hours on Friday, reaching $5.31. The stock had a trading volume of 98,914 shares, compared to its average volume of 394,349. China Resources Enterprise has a 52 week low of $4.48 and a 52 week high of $7.57. The company has a 50 day moving average price of $4.97 and a two-hundred day moving average price of $5.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 0.97.

About China Resources Enterprise

China Resources Enterprise was a Hong Kong-based consumer-goods and retail conglomerate and a subsidiary of China Resources (Holdings). Its businesses included supermarket and retail operations, food and beverages, and textiles, with activities primarily in mainland China and Hong Kong. In 2015, the company restructured its businesses, transferring its non-beer operations to its parent and concentrating on brewing. It was renamed China Resources Beer (Holdings) Company Limited, whose core business is producing and selling beer in China, including the Snow beer brand.