China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Up 1,133.1% in July

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 171,620 shares, an increase of 1,133.1% from the June 30th total of 13,918 shares. Based on an average daily trading volume, of 424,875 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, China Resources Enterprise currently has an average rating of “Hold”.

China Resources Enterprise Trading Down 0.7%

CRHKY traded down $0.04 during midday trading on Friday, reaching $6.10. 99,396 shares of the company were exchanged, compared to its average volume of 133,124. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.46 and a current ratio of 0.82. The company’s fifty day moving average price is $6.00 and its 200 day moving average price is $6.50. China Resources Enterprise has a one year low of $5.25 and a one year high of $7.69.

China Resources Enterprise Company Profile

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.