China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Sees Large Increase in Short Interest

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 171,620 shares, an increase of 1,133.1% from the June 30th total of 13,918 shares. Based on an average daily volume of 424,875 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

China Resources Enterprise Stock Performance

OTCMKTS CRHKY opened at $6.10 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.46 and a current ratio of 0.82. China Resources Enterprise has a 52-week low of $5.25 and a 52-week high of $7.69. The company has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $6.50.

Analyst Ratings Changes

Separately, Zacks Research upgraded China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.