China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Up 235.4% in August

Key Points

• China Resources Enterprise Ltd. experienced a significant increase in short interest, rising by 235.4% from 9,900 shares to 33,200 shares in August.
• The company announced a dividend of $0.1092 per share, to be paid on November 3rd, increasing from the previous dividend of $0.08, which reflects a remarkable dividend yield of 147.0%.
• CRHKY's stock performance shows a 52-week low of $5.45 and a high of $9.34, with current trading around $7.31.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 33,200 shares, agrowthof235.4% from the July 31st total of 9,900 shares. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is currently 0.6 days.

China Resources Enterprise Stock Down 0.2%

OTCMKTS CRHKY traded down $0.01 during trading hours on Friday, hitting $7.06. The company had a trading volume of 50,491 shares, compared to its average volume of 26,412. China Resources Enterprise has a fifty-two week low of $5.45 and a fifty-two week high of $9.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.23. The business has a fifty day simple moving average of $6.99 and a 200-day simple moving average of $6.90.

China Resources Enterprise Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, November 3rd. Investors of record on Thursday, September 4th will be paid a dividend of $0.1092 per share. This is an increase from China Resources Enterprise's previous dividend of $0.08. This represents a yield of 147.0%. The ex-dividend date of this dividend is Wednesday, September 3rd.

China Resources Enterprise Company Profile

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015.