China Resources Enterprise Ltd. (OTCMKTS:CRHKY – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 46,674 shares, a drop of 45.4% from the May 14th total of 85,554 shares. Based on an average daily trading volume, of 168,127 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.
China Resources Enterprise Stock Performance
OTCMKTS:CRHKY opened at $6.07 on Monday. China Resources Enterprise has a twelve month low of $5.80 and a twelve month high of $7.69. The stock’s 50 day moving average price is $6.62 and its two-hundred day moving average price is $6.76. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04.
Analyst Ratings Changes
Separately, Zacks Research raised China Resources Enterprise to a “hold” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
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.
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