China Natural Resources, Inc. (NASDAQ:CHNR) Sees Significant Decrease in Short Interest

China Natural Resources, Inc. (NASDAQ:CHNR) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 7,885 shares, a decrease of 55.7% from the July 30th total of 17,789 shares. Based on an average daily trading volume, of 21,082 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the company’s stock are sold short.

China Natural Resources Stock Down 1.2%

NASDAQ:CHNR traded down $0.05 during trading hours on Friday, hitting $4.05. 3,019 shares of the company were exchanged, compared to its average volume of 12,610. China Natural Resources has a 52-week low of $3.18 and a 52-week high of $8.20. The company’s 50 day moving average price is $3.94 and its 200-day moving average price is $3.94.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of China Natural Resources in a research note on Friday, July 17th. One equities 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”.

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.