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

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 27,700 shares, a decline of 27.5% from the August 15th total of 38,200 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 265,500 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of China Natural Resources in a report on Sunday. They issued a “sell” rating on the stock.

China Natural Resources Stock Performance

Shares of CHNR opened at $0.66 on Tuesday. The firm’s fifty day simple moving average is $0.65 and its 200-day simple moving average is $0.88. China Natural Resources has a twelve month low of $0.55 and a twelve month high of $8.85.

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.