China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Sees Large Increase in Short Interest

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 128,688 shares, a growth of 349.7% from the December 15th total of 28,619 shares. Based on an average daily trading volume, of 120,888 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 120,888 shares, the days-to-cover ratio is presently 1.1 days.

China Resources Enterprise Stock Performance

Shares of OTCMKTS:CRHKY opened at $6.93 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.83 and a quick ratio of 0.49. China Resources Enterprise has a 12 month low of $5.91 and a 12 month high of $7.75. The company’s 50-day moving average price is $7.04 and its two-hundred day moving average price is $7.02.

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.