China Resources Enterprise Ltd. (OTCMKTS:CRHKY) Short Interest Update

Key Points

• Short interest for China Resources Enterprise Ltd. fell by 79.8% in August, dropping from 33,200 shares to 6,700 shares.
• The company's stock price increased by 2.5% to $7.50, with a one-year price range between $5.45 and $9.34.
• China Resources recently announced a dividend increase to $0.1092 per share, set to be paid on November 3rd, up from a previous dividend of $0.08.

China Resources Enterprise Ltd. (OTCMKTS:CRHKY - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 6,700 shares, a decline of 79.8% from the August 15th total of 33,200 shares. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 53,700 shares, the days-to-cover ratio is currently 0.1 days.

China Resources Enterprise Stock Down 1.7%

CRHKY stock traded down $0.13 during trading on Wednesday, reaching $7.23. 2,208 shares of the stock were exchanged, compared to its average volume of 41,842. China Resources Enterprise has a twelve month low of $5.60 and a twelve month high of $9.34. The company has a quick ratio of 0.23, a current ratio of 0.60 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $7.08 and a 200-day simple moving average of $6.94.

China Resources Enterprise Increases Dividend

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

About China Resources Enterprise

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.