China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) Sees Significant Decline in Short Interest

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 10,100 shares, a drop of 60.7% from the February 28th total of 25,700 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 74,100 shares, the days-to-cover ratio is currently 0.1 days.

China Resources Beer Stock Performance

Shares of OTCMKTS CRHKY opened at $7.41 on Thursday. China Resources Beer has a 1-year low of $5.45 and a 1-year high of $10.14. The firm’s 50-day moving average price is $6.57 and its 200-day moving average price is $6.87. The company has a current ratio of 0.75, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03.

About China Resources Beer

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.