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

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 17,082 shares, a decrease of 73.7% from the June 15th total of 64,992 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 30,525 shares, the days-to-cover ratio is currently 0.6 days.

China Natural Resources Stock Up 3.0%

NASDAQ CHNR traded up $0.12 during trading on Friday, reaching $3.90. 5,840 shares of the stock traded hands, compared to its average volume of 19,884. The stock’s 50-day moving average price is $4.07 and its 200 day moving average price is $3.91. China Natural Resources has a fifty-two week low of $3.16 and a fifty-two week high of $8.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus 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.