Cre8 Enterprise Limited (NASDAQ:CRE) Shares Shorted: Short Interest Up 661.2% in September

Cre8 Enterprise Limited (NASDAQ:CRE) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 8,815 shares, an increase of 661.2% from the August 31st total of 1,158 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 33,647 shares, the short-interest ratio is presently 0.3 days.

Cre8 Enterprise Trading Up 3.4%

Shares of Cre8 Enterprise stock traded up $0.10 during trading on Thursday, hitting $3.01. 15,890 shares of the company’s stock traded hands, compared to its average volume of 3,377,200. Cre8 Enterprise has a 1 year low of $1.68 and a 1 year high of $14.64. The business has a 50-day simple moving average of $2.92 and a 200-day simple moving average of $2.85.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Cre8 Enterprise from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Cre8 Enterprise Company Profile

Cre8 Enterprise Limited (NASDAQ: CRE) is a Hong Kong-based provider of financial printing and related corporate communication services. The company serves publicly listed companies, financial institutions, professional advisers and other corporate clients that require documents prepared for regulatory, investor-relations and business purposes.

Its services include the design, typesetting, printing and distribution of corporate and financial documents, such as annual reports, listing documents, circulars, announcements and other transaction-related materials.