China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 8,800 shares, an increase of 214.3% from the December 15th total of 2,800 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 0.8 days.
Separately, The Goldman Sachs Group raised shares of China Resources Beer from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, December 7th.
Shares of CRHKY stock traded up $0.05 on Friday, reaching $14.76. The company’s stock had a trading volume of 4,394 shares, compared to its average volume of 7,681. The stock’s fifty day simple moving average is $16.08 and its 200-day simple moving average is $16.00. China Resources Beer has a 1 year low of $13.96 and a 1 year high of $18.95.
China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products under the Snow and Heineken brands. As of December 31, 2020, it operated 70 breweries in 25 provinces, municipalities, and autonomous regions in Mainland China. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.
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