China Resources Power Holdings Co. (OTCMKTS:CRPJY) Sees Significant Decrease in Short Interest

Key Points

• Short interest fell 16.1% in March to 270 shares (from 322 on March 15), representing roughly 0.0% of float and a days-to-cover of about 1.6 days based on average volume.
• Analyst sentiment has turned negative: Jefferies cut the stock from "strong-buy" to "strong sell" while Zacks moved it from "strong sell" to "hold," leaving an average MarketBeat rating of "Reduce" (one Hold, one Sell).
• Shares trade near $35.39 with 50- and 200-day moving averages of $35.64 and $35.90, respectively; the company shows a debt-to-equity of 1.11 and low liquidity ratios (quick 0.47, current 0.52).

China Resources Power Holdings Co. (OTCMKTS:CRPJY - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 270 shares, a decline of 16.1% from the March 15th total of 322 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 164 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Ratings Changes

CRPJY has been the topic of several research analyst reports. Jefferies Financial Group cut shares of China Resources Power from a "strong-buy" rating to a "strong sell" rating in a report on Sunday, April 5th. Zacks Research upgraded China Resources Power from a "strong sell" rating to a "hold" rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, China Resources Power presently has an average rating of "Reduce".

China Resources Power Stock Performance

Shares of OTCMKTS:CRPJY opened at $35.39 on Friday. The business has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $35.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.47 and a current ratio of 0.52. China Resources Power has a 1 year low of $33.45 and a 1 year high of $38.20.

About China Resources Power

China Resources Power Holdings Company Limited OTCMKTS: CRPJY is a leading integrated energy company in the People's Republic of China. A subsidiary of China Resources (Holdings) Company Limited, the company is primarily engaged in the development, construction and operation of power generation facilities. Its core business activities include generating and selling electricity and steam to industrial, commercial and residential customers.

The company's generation portfolio encompasses a diverse mix of thermal, gas, hydro, wind and solar power assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.