China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 128,001 shares, a growth of 48.4% from the March 15th total of 86,240 shares. Based on an average daily volume of 241,995 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.
China Resources Enterprise Stock Down 2.5%
Shares of OTCMKTS CRHKY traded down $0.17 during midday trading on Wednesday, hitting $6.76. 13,084 shares of the company’s stock were exchanged, compared to its average volume of 97,242. China Resources Enterprise has a 12-month low of $6.07 and a 12-month high of $7.69. The business’s fifty day moving average price is $6.78 and its two-hundred day moving average price is $6.90.
China Resources Enterprise Company Profile
China Resources Enterprise Limited is a Hong Kong–based conglomerate principally engaged in consumer products distribution, retail operations and food and beverage businesses. Established in 1993 as a publicly listed arm of the state-owned China Resources Group, the company has grown into one of the largest integrated consumer companies operating across Mainland China and Hong Kong.
In its retail division, China Resources Enterprise operates the CR Vanguard chain of supermarkets and convenience stores, supplemented by online grocery platforms and membership loyalty programmes.
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