China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totaling 36,600 shares, a drop of 19.7% from the July 31st total of 45,600 shares. Currently, 7.0% of the shares of the stock are short sold. Based on an average trading volume of 79,500 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 79,500 shares, the short-interest ratio is currently 0.5 days. Currently, 7.0% of the shares of the stock are short sold.
China Natural Resources Stock Performance
Shares of China Natural Resources stock opened at $4.48 on Wednesday. China Natural Resources has a fifty-two week low of $3.16 and a fifty-two week high of $9.04. The company’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $4.12.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on shares of China Natural Resources in a research report on Wednesday, May 21st. They issued a “sell” rating on the stock.
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.
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