China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Up 1,133.1% in July

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 171,620 shares, an increase of 1,133.1% from the June 30th total of 13,918 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 424,875 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of China Resources Enterprise to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

China Resources Enterprise Trading Down 0.7%

OTCMKTS:CRHKY traded down $0.04 on Friday, hitting $6.10. The stock had a trading volume of 99,396 shares, compared to its average volume of 133,124. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. China Resources Enterprise has a 52 week low of $5.25 and a 52 week high of $7.69. The business’s fifty day moving average is $6.00 and its 200 day moving average is $6.50.

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.