China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Sees Significant Growth in Short Interest

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 197,669 shares, a growth of 9,954.4% from the August 31st total of 1,966 shares. Based on an average daily volume of 708,677 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

China Resources Enterprise Stock Up 2.3%

CRHKY stock traded up $0.11 during trading on Thursday, reaching $4.88. 1,697,601 shares of the stock were exchanged, compared to its average volume of 157,372. China Resources Enterprise has a twelve month low of $4.48 and a twelve month high of $7.69. The firm’s 50 day moving average is $5.42 and its 200 day moving average is $6.02. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04.

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.