Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Rises By 5.1%

China Natural Resources, Inc. (NASDAQ:CHNR) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 22,800 shares, an increase of 5.1% from the March 15th total of 21,700 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on China Natural Resources in a research note on Tuesday. They set a “sell” rating on the stock.

China Natural Resources Trading Up 2.8 %

Shares of China Natural Resources stock opened at $1.11 on Wednesday. China Natural Resources has a 12-month low of $0.86 and a 12-month high of $8.85. The business’s 50 day moving average is $1.26 and its 200-day moving average is $1.46.

About China Natural Resources

China Natural Resources, Inc, through its subsidiaries, engages in the exploration and mining of metal properties in the People's Republic of China. It explores for lead, silver, and other nonferrous metals. The company holds interest in the Moruogu Tong mine that covers an area of 7.81 square kilometers located in Bayannaoer City, Inner Mongolia.