China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Down 98.2% in August

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,966 shares, a drop of 98.2% from the August 15th total of 109,542 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 302,798 shares, the short-interest ratio is currently 0.0 days.

China Resources Enterprise Trading Down 1.4%

Shares of OTCMKTS:CRHKY opened at $4.77 on Friday. China Resources Enterprise has a twelve month low of $4.73 and a twelve month high of $7.69. The company’s 50 day moving average is $5.60 and its 200 day moving average is $6.16. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CRHKY shares. Zacks Research raised shares of China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. Sanford C. Bernstein lowered China Resources Enterprise to a “market perform” rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, China Resources Enterprise currently has an average rating of “Hold”.

China Resources Enterprise Company Profile

China Resources Enterprise Limited is a Hong Kong-based consumer and retail company associated with China Resources Group, a large state-owned business conglomerate in China. The company has historically operated across the retail, food and beverage, and consumer products sectors, serving customers in Hong Kong and mainland China.

Its former retail operations included supermarkets, hypermarkets and convenience stores operated under the China Resources Vanguard brand. The company also participated in food distribution and other consumer businesses, while its beverage operations included China Resources Snow Breweries, one of the major beer producers in China.

China Resources Enterprise underwent a significant restructuring in the mid-2010s, divesting or transferring several non-beer businesses and concentrating the listed entity on its brewing operations.