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

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 82,200 shares, a growth of 56.0% from the November 30th total of 52,700 shares. Based on an average trading volume of 71,800 shares, the short-interest ratio is currently 1.1 days. Approximately 2.3% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on China Natural Resources in a research note on Saturday. They set a “sell” rating on the stock.

China Natural Resources Trading Down 4.5 %

NASDAQ CHNR opened at $0.63 on Monday. The business’s 50-day moving average price is $0.64 and its 200 day moving average price is $0.67. China Natural Resources has a twelve month low of $0.51 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.