China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Down 45.4% in May
by Renee Jackson · The Cerbat GemChina Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) saw a significant drop in short interest in the month of 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 168,127 shares, the short-interest ratio is presently 0.3 days.
China Resources Enterprise Trading Up 1.2%
Shares of OTCMKTS CRHKY opened at $6.07 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04. China Resources Enterprise has a 1-year low of $5.80 and a 1-year high of $7.69. The business’s 50 day moving average is $6.62 and its 200-day moving average is $6.77.
Analysts Set New Price Targets
Separately, Zacks Research upgraded China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Analysis on CRHKY
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.