Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 55.7%

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a significant decrease in short interest in the month of 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 shares of the company are sold short.

China Natural Resources Stock Performance

CHNR remained flat at $4.05 during trading hours on Monday. 1,227 shares of the company were exchanged, compared to its average volume of 314,944. China Natural Resources has a 1-year low of $3.18 and a 1-year high of $8.20. The business’s fifty day moving average price is $3.94 and its two-hundred day moving average price is $3.94.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat, China Natural Resources currently 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.