China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Down 45.4% in May

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 46,674 shares, a decline of 45.4% from the May 14th total of 85,554 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 168,127 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

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

China Resources Enterprise Trading Up 1.2%

Shares of CRHKY opened at $6.07 on Friday. China Resources Enterprise has a 52-week low of $5.80 and a 52-week high of $7.69. The business’s fifty day moving average is $6.62 and its 200-day moving average is $6.77. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04.

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.