China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Stock Short Interest Rises 365.8%

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 920,707 shares, an increase of 365.8% from the September 15th total of 197,669 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,208,453 shares, the short-interest ratio is currently 0.8 days.

China Resources Enterprise Stock Performance

Shares of OTCMKTS CRHKY opened at $4.93 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $5.08 and its two-hundred day simple moving average is $5.87. China Resources Enterprise has a 12-month low of $4.48 and a 12-month high of $7.69.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein downgraded China Resources Enterprise to a “market perform” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, China Resources Enterprise currently has an average rating of “Hold”.

About China Resources Enterprise

China Resources Enterprise Limited is a Hong Kong-based investment holding company associated with China Resources Holdings. The company has historically operated a diversified portfolio of consumer and retail businesses, with activities focused primarily on mainland China and Hong Kong.

Its principal operations have included retailing through supermarkets, hypermarkets and convenience stores, as well as food and beverage businesses. The company has also historically held interests in beer, food products and other consumer-related operations, although parts of these businesses have been reorganized or transferred within the broader China Resources group over time.

China Resources Enterprise forms part of the wider China Resources group, a state-owned enterprise with businesses spanning consumer products, retail, healthcare, energy and other industries.