China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Update
by Michael Walen · The Markets DailyChina Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 21,807 shares, a decline of 43.8% from the May 14th total of 38,814 shares. Based on an average daily volume of 4,996 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.3% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, China Natural Resources currently has an average rating of “Sell”.
View Our Latest Report on CHNR
China Natural Resources Trading Up 1.1%
Shares of CHNR stock traded up $0.04 on Friday, reaching $3.72. 15,979 shares of the stock were exchanged, compared to its average volume of 218,629. China Natural Resources has a one year low of $3.16 and a one year high of $8.20. The stock has a 50 day moving average price of $4.09 and a 200 day moving average price of $3.90.
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.