China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) Sees Large Increase in Short Interest

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 25,700 shares, an increase of 76.0% from the February 13th total of 14,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 101,600 shares, the days-to-cover ratio is presently 0.3 days.

China Resources Beer Stock Performance

Shares of CRHKY traded down $0.11 during trading on Friday, reaching $6.66. 20,382 shares of the company traded hands, compared to its average volume of 63,818. The stock has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.75 and a quick ratio of 0.40. China Resources Beer has a twelve month low of $5.45 and a twelve month high of $10.14.

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.