China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 67,100 shares, a decrease of 18.2% from the February 28th total of 82,000 shares. Based on an average daily volume of 168,300 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.9% of the company’s stock are sold short.
China Natural Resources Stock Performance
China Natural Resources stock opened at $0.57 on Tuesday. China Natural Resources has a 12 month low of $0.51 and a 12 month high of $1.43. The company’s fifty day simple moving average is $0.58 and its 200-day simple moving average is $0.64.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of China Natural Resources in a research report on Wednesday, March 26th. They set a “sell” rating on the stock.
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.
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