Cre8 Enterprise Limited (NASDAQ:CRE) Sees Significant Drop in Short Interest

Cre8 Enterprise Limited (NASDAQ:CRE) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 36,385 shares, a decrease of 47.8% from the July 15th total of 69,714 shares. Based on an average daily volume of 81,880 shares, the short-interest ratio is currently 0.4 days. Currently, 2.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Cre8 Enterprise Price Performance

Shares of Cre8 Enterprise stock traded down $0.20 during midday trading on Tuesday, reaching $2.58. The company had a trading volume of 33,376 shares, compared to its average volume of 647,350. The stock has a fifty day moving average price of $2.93 and a 200 day moving average price of $2.81. Cre8 Enterprise has a fifty-two week low of $1.68 and a fifty-two week high of $14.64.

About Cre8 Enterprise

Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market principally in Hong Kong under its brand, Cre8. The services cover concept creation and artwork design, typesetting, proofreading, translation, printing, binding, logistics arrangement, uploading or making e-submissions of customers’ financial reports and compliance documents and media placements. Cre8 Enterprise Limited is based in Hong Kong.