China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Up 65.7% in July

China Natural Resources, Inc. (NASDAQ:CHNR) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 17,789 shares, a growth of 65.7% from the July 15th total of 10,736 shares. Based on an average trading volume of 51,172 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.8% of the company’s stock are sold short.

China Natural Resources Trading Up 3.7%

Shares of CHNR traded up $0.15 during mid-day trading on Tuesday, reaching $4.25. The company’s stock had a trading volume of 5,705 shares, compared to its average volume of 332,811. China Natural Resources has a 12-month low of $3.18 and a 12-month high of $8.20. The company’s 50 day moving average is $3.91 and its 200 day moving average is $3.93.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, China Natural Resources presently has an average rating of “Sell”.

China Natural Resources Company Profile

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.