Short Interest in China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) Grows By 350.0%

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKYGet Rating) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 900 shares, an increase of 350.0% from the April 30th total of 200 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 0.1 days.

China Resources Beer Price Performance

OTCMKTS:CRHKY traded up $0.15 during trading hours on Friday, hitting $12.91. 2,699 shares of the stock were exchanged, compared to its average volume of 6,580. China Resources Beer has a 52-week low of $9.35 and a 52-week high of $16.64. The firm’s fifty day moving average price is $15.20 and its 200 day moving average price is $14.62.

China Resources Beer Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 17th. Shareholders of record on Tuesday, May 23rd will be issued a dividend of $0.0772 per share. This is a positive change from China Resources Beer’s previous dividend of $0.06. The ex-dividend date is Monday, May 22nd. This represents a dividend yield of 1.59%.

China Resources Beer Company Profile

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China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products. The company offers its products under the Heineken, Li, Löwen Fruit Beer, Snow Xiao Pi Qi, Amstel, and Edelweiss brand names. As of March 24, 2022, it operated 65 breweries in 24 provinces, municipalities, and autonomous regions in Mainland China.

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