China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Down 71.4% in June

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 13,349 shares, a drop of 71.4% from the May 31st total of 46,674 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 509,078 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

China Resources Enterprise Stock Performance

CRHKY opened at $5.45 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 stock has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $6.65. China Resources Enterprise has a 12-month low of $5.25 and a 12-month high of $7.69.

China Resources Enterprise Company Profile

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.