Cre8 Enterprise Limited (NASDAQ:CRE) Sees Large Drop in Short Interest

Cre8 Enterprise Limited (NASDAQ:CRE) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,158 shares, a decline of 96.3% from the August 15th total of 31,617 shares. Based on an average daily volume of 6,012,497 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Cre8 Enterprise from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Cre8 Enterprise Price Performance

Shares of CRE traded up $0.03 during mid-day trading on Thursday, hitting $2.85. The company had a trading volume of 25,105 shares, compared to its average volume of 3,384,619. Cre8 Enterprise has a 1-year low of $1.68 and a 1-year high of $14.64. The business’s 50-day simple moving average is $2.96 and its 200-day simple moving average is $2.83.

About Cre8 Enterprise

Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market principally in Hong Kong under its brand, Cre8. The services cover concept creation and artwork design, typesetting, proofreading, translation, printing, binding, logistics arrangement, uploading or making e-submissions of customers’ financial reports and compliance documents and media placements. Cre8 Enterprise Limited is based in Hong Kong.