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

China Resources Beer (Holdings) Company Limited (OTCMKTS:CRHKY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 240,400 shares, a decrease of 32.2% from the August 15th total of 354,700 shares. Based on an average daily trading volume, of 155,800 shares, the days-to-cover ratio is currently 1.5 days.

China Resources Beer Price Performance

China Resources Beer stock traded down $0.01 during mid-day trading on Friday, hitting $5.72. 79,465 shares of the company were exchanged, compared to its average volume of 87,159. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.31 and a current ratio of 0.70. China Resources Beer has a 12-month low of $5.45 and a 12-month high of $11.72. The business’s 50 day simple moving average is $6.33 and its two-hundred day simple moving average is $7.82.

China Resources Beer Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, November 4th. Shareholders of record on Thursday, September 5th will be issued a $0.0919 dividend. This represents a yield of 4.17%. This is a positive change from China Resources Beer’s previous dividend of $0.08. The ex-dividend date of this dividend is Wednesday, September 4th.

China Resources Beer 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.