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

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a large decrease in short interest in 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. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 3,979 shares, the short-interest ratio is presently 1.1 days.

China Natural Resources Price Performance

Shares of CHNR traded down $0.06 during midday trading on Tuesday, reaching $3.78. 1,219 shares of the stock were exchanged, compared to its average volume of 297,363. China Natural Resources has a 52 week low of $3.18 and a 52 week high of $8.20. The company’s 50 day moving average is $3.93 and its two-hundred day moving average is $3.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, China Natural Resources presently 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.