Short Interest in China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Drops By 70.0%

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 38,548 shares, a drop of 70.0% from the December 31st total of 128,688 shares. Based on an average daily volume of 118,143 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 118,143 shares, the days-to-cover ratio is currently 0.3 days.

China Resources Enterprise Price Performance

CRHKY stock opened at $6.88 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 0.83. China Resources Enterprise has a 1-year low of $5.91 and a 1-year high of $7.75. The business has a 50 day simple moving average of $6.92 and a two-hundred day simple moving average of $7.02.

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.