China Resources Power Holdings Co. (OTCMKTS:CRPJY – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 270 shares, a decrease of 16.1% from the March 15th total of 322 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 164 shares, the days-to-cover ratio is presently 1.6 days.
China Resources Power Price Performance
Shares of China Resources Power stock opened at $35.39 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $35.64 and its two-hundred day moving average price is $35.88. China Resources Power has a 52 week low of $33.45 and a 52 week high of $38.20.
Wall Street Analyst Weigh In
Several equities research analysts have commented on CRPJY shares. Zacks Research upgraded shares of China Resources Power from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Jefferies Financial Group cut shares of China Resources Power from a “strong-buy” rating to a “strong sell” rating in a research report on Sunday, April 5th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.
About China Resources Power
China Resources Power Holdings Company Limited (OTCMKTS: CRPJY) is a leading integrated energy company in the People’s Republic of China. A subsidiary of China Resources (Holdings) Company Limited, the company is primarily engaged in the development, construction and operation of power generation facilities. Its core business activities include generating and selling electricity and steam to industrial, commercial and residential customers.
The company’s generation portfolio encompasses a diverse mix of thermal, gas, hydro, wind and solar power assets.
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