China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Down 98.2% in August

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,966 shares, a drop of 98.2% from the August 15th total of 109,542 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 302,798 shares, the short-interest ratio is presently 0.0 days.

China Resources Enterprise Stock Down 0.9%

CRHKY opened at $4.72 on Friday. The business has a 50 day moving average price of $5.59 and a two-hundred day moving average price of $6.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.46 and a current ratio of 0.82. China Resources Enterprise has a 1-year low of $4.69 and a 1-year high of $7.69.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRHKY shares. Sanford C. Bernstein downgraded shares of China Resources Enterprise to a “market perform” rating in a report on Wednesday, August 26th. Zacks Research raised shares of China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, China Resources Enterprise presently 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.