China Natural Resources, Inc. (NASDAQ:CHNR) Sees Significant Drop in Short Interest

China Natural Resources, Inc. (NASDAQ:CHNR) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 21,807 shares, a drop of 43.8% from the May 14th total of 38,814 shares. Based on an average daily trading volume, of 4,996 shares, the short-interest ratio is presently 4.4 days. Approximately 2.3% of the shares of the company are short sold.

China Natural Resources Stock Performance

NASDAQ CHNR traded down $0.17 during trading hours on Tuesday, reaching $3.87. The company’s stock had a trading volume of 5,585 shares, compared to its average volume of 446,760. The business has a 50-day simple moving average of $4.09 and a 200 day simple moving average of $3.91. China Natural Resources has a 52 week low of $3.16 and a 52 week 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 Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, China Natural Resources 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.