Cre8 Enterprise Limited (NASDAQ:CRE) Stock Short Interest Rises 251.7%

Cre8 Enterprise Limited (NASDAQ:CRE) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 31,006 shares, a growth of 251.7% from the September 15th total of 8,815 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average trading volume of 70,704 shares, the short-interest ratio is presently 0.4 days.

Cre8 Enterprise Stock Down 4.7%

NASDAQ:CRE traded down $0.14 during mid-day trading on Friday, hitting $2.86. 40,512 shares of the company’s stock were exchanged, compared to its average volume of 176,350. Cre8 Enterprise has a fifty-two week low of $1.68 and a fifty-two week high of $8.64. The company has a 50 day simple moving average of $2.94 and a 200-day simple moving average of $2.79.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Cre8 Enterprise from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Cre8 Enterprise Company Profile

Cre8 Enterprise Limited (NASDAQ: CRE) is a Hong Kong-based investment holding company that provides financial and corporate advisory services. Its offerings are primarily designed to support companies with capital raising, regulatory compliance, securities transactions, and other corporate needs.

The company provides corporate finance advisory, compliance advisory, and company secretarial services. It also offers securities dealing and brokerage services, including assistance with share placements and underwriting activities.