Cre8 Enterprise Limited (NASDAQ:CRE) Shares Shorted: Short Interest Up 661.2% in September

Cre8 Enterprise Limited (NASDAQ:CRE) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,815 shares, an increase of 661.2% from the August 31st total of 1,158 shares. Based on an average daily volume of 33,647 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Cre8 Enterprise Price Performance

NASDAQ CRE traded down $0.19 on Friday, hitting $2.82. The company had a trading volume of 442,035 shares, compared to its average volume of 53,850. The company’s fifty day moving average price is $2.92 and its 200-day moving average price is $2.85. Cre8 Enterprise has a 12-month low of $1.68 and a 12-month high of $14.64.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Cre8 Enterprise from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Cre8 Enterprise

Cre8 Enterprise Limited (NASDAQ: CRE) is a Hong Kong-based provider of financial printing and related corporate communication services. The company serves publicly listed companies, financial institutions, professional advisers and other corporate clients that require documents prepared for regulatory, investor-relations and business purposes.

Its services include the design, typesetting, printing and distribution of corporate and financial documents, such as annual reports, listing documents, circulars, announcements and other transaction-related materials.