China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) Sees Significant Increase in Short Interest

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,300 shares, a growth of 1,200.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 173,000 shares, the days-to-cover ratio is presently 0.0 days.

China Resources Beer Price Performance

China Resources Beer stock traded up $0.07 during midday trading on Wednesday, reaching $6.04. The company had a trading volume of 63,963 shares, compared to its average volume of 129,837. The firm’s fifty day simple moving average is $6.69 and its 200-day simple moving average is $6.83. China Resources Beer has a 12-month low of $5.45 and a 12-month high of $10.14. The company has a current ratio of 0.75, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

About China Resources Beer

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.