China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,966 shares, a decrease of 98.2% from the August 15th total of 109,542 shares. Based on an average trading volume of 302,798 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
China Resources Enterprise Price Performance
OTCMKTS:CRHKY traded down $0.07 during mid-day trading on Thursday, hitting $4.77. 358,041 shares of the company’s stock were exchanged, compared to its average volume of 137,483. 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 one year low of $4.73 and a one year high of $7.69. The business has a fifty day moving average price of $5.60 and a 200 day moving average price of $6.16.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CRHKY shares. Sanford C. Bernstein lowered China Resources Enterprise to a “market perform” rating in a research report on Wednesday, August 26th. Zacks Research upgraded China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, China Resources Enterprise has an average rating of “Hold”.
About China Resources Enterprise
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.
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