Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Drops By 37.2%

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 10,736 shares, a drop of 37.2% from the June 30th total of 17,082 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,207 shares, the short-interest ratio is currently 1.5 days.

China Natural Resources Trading Down 0.3%

CHNR stock traded down $0.01 during trading hours on Thursday, hitting $3.70. 2,971 shares of the stock traded hands, compared to its average volume of 361,275. The stock has a 50-day simple moving average of $3.97 and a 200 day simple moving average of $3.93. China Natural Resources has a one year low of $3.16 and a one year high of $8.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, China Natural Resources presently has a consensus rating of “Sell”.

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. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.