Short Interest in China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Drops By 45.4%

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 46,674 shares, a drop of 45.4% from the May 14th total of 85,554 shares. Based on an average trading volume of 168,127 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

China Resources Enterprise Trading Down 4.3%

Shares of China Resources Enterprise stock traded down $0.26 during trading on Tuesday, hitting $5.76. 43,866 shares of the stock traded hands, compared to its average volume of 105,630. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.46. The firm’s fifty day moving average is $6.60 and its 200-day moving average is $6.76. China Resources Enterprise has a 52 week low of $5.71 and a 52 week high of $7.69.

Analyst Ratings Changes

Separately, Zacks Research raised China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About China Resources Enterprise

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.