China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Sees Large Decline in Short Interest

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 28,289 shares, a drop of 26.6% from the January 15th total of 38,548 shares. Based on an average trading volume of 170,316 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 170,316 shares, the days-to-cover ratio is presently 0.2 days.

China Resources Enterprise Stock Up 1.8%

Shares of OTCMKTS:CRHKY opened at $6.94 on Friday. China Resources Enterprise has a 12-month low of $6.07 and a 12-month high of $7.75. The business has a 50-day moving average price of $6.87 and a 200 day moving average price of $7.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.83 and a quick ratio of 0.49.

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.