China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Stock Short Interest Climbs 9,954.4%

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 197,669 shares, an increase of 9,954.4% from the August 31st total of 1,966 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 708,677 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRHKY shares. Sanford C. Bernstein lowered China Resources Enterprise to a “market perform” rating in a research note on Wednesday, August 26th. Zacks Research raised China Resources Enterprise to a “hold” rating in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, China Resources Enterprise has an average rating of “Hold”.

China Resources Enterprise Price Performance

Shares of CRHKY stock opened at $4.88 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $5.39 and a 200-day moving average price of $6.01. China Resources Enterprise has a 52 week low of $4.48 and a 52 week high of $7.69.

About China Resources Enterprise

China Resources Enterprise Limited is a Hong Kong-based consumer and retail company associated with China Resources Group, a large state-owned business conglomerate in China. The company has historically operated across the retail, food and beverage, and consumer products sectors, serving customers in Hong Kong and mainland China.

Its former retail operations included supermarkets, hypermarkets and convenience stores operated under the China Resources Vanguard brand. The company also participated in food distribution and other consumer businesses, while its beverage operations included China Resources Snow Breweries, one of the major beer producers in China.

China Resources Enterprise underwent a significant restructuring in the mid-2010s, divesting or transferring several non-beer businesses and concentrating the listed entity on its brewing operations.