Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 19.8%

China Natural Resources, Inc. (NASDAQ:CHNR) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 36,584 shares, a decrease of 19.8% from the March 31st total of 45,594 shares. Based on an average daily trading volume, of 8,432 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.9% of the shares of the stock are short sold.

China Natural Resources Stock Performance

CHNR stock traded down $0.01 on Friday, hitting $4.13. 3,144 shares of the company were exchanged, compared to its average volume of 554,334. China Natural Resources has a twelve month low of $3.16 and a twelve month high of $8.20. The business’s fifty day moving average is $3.90 and its two-hundred day moving average is $4.10.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, China Natural Resources currently 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.