Short Interest in China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Drops By 82.1%

China Resources Enterprise Ltd. (OTCMKTS:CRHKY) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 53,156 shares, a drop of 82.1% from the February 12th total of 297,632 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 167,086 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 167,086 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

China Resources Enterprise Stock Performance

Shares of China Resources Enterprise stock traded down $0.03 during trading hours on Wednesday, hitting $6.71. 41,966 shares of the company’s stock traded hands, compared to its average volume of 89,053. China Resources Enterprise has a 12-month low of $6.07 and a 12-month high of $7.75. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $6.86 and a 200-day simple moving average of $7.01.

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.