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

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 7,885 shares, a decline of 55.7% from the July 30th total of 17,789 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 21,082 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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, According to MarketBeat.com, the company presently has an average rating of “Sell”.

China Natural Resources Price Performance

CHNR traded down $0.05 during trading on Friday, reaching $4.05. 3,019 shares of the stock were exchanged, compared to its average volume of 12,610. The stock’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $3.94. China Natural Resources has a twelve month low of $3.18 and a twelve month high of $8.20.

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.