Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 27.5%

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

Analysts Set New Price Targets

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

China Natural Resources Stock Performance

China Natural Resources stock traded down $0.02 during midday trading on Tuesday, reaching $0.65. The stock had a trading volume of 27,183 shares, compared to its average volume of 549,540. The company has a fifty day moving average price of $0.65 and a two-hundred day moving average price of $0.88. China Natural Resources has a 12 month low of $0.55 and a 12 month high of $8.85.

China Natural Resources Company Profile

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.