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

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 13,349 shares, a decline of 71.4% from the May 31st total of 46,674 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 509,078 shares, the days-to-cover ratio is presently 0.0 days.

China Resources Enterprise Stock Down 0.5%

OTCMKTS:CRHKY opened at $5.45 on Friday. China Resources Enterprise has a one year low of $5.25 and a one year high of $7.69. The firm’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.65. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04.

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”.

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.