Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Drops By 46.3%

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,233 shares, a decrease of 46.3% from the August 15th total of 7,885 shares. Based on an average daily volume of 3,979 shares, the short-interest ratio is presently 1.1 days. Currently, 0.4% of the company’s shares are sold short.

China Natural Resources Price Performance

Shares of CHNR stock traded down $0.06 during trading hours on Tuesday, reaching $3.78. 1,219 shares of the stock were exchanged, compared to its average volume of 297,363. The company’s 50-day moving average price is $3.93 and its 200-day moving average price is $3.98. China Natural Resources has a 12-month low of $3.18 and a 12-month high of $8.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of China Natural Resources in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average 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.