China Natural Resources, Inc. (NASDAQ:CHNR) Sees Large Decrease in Short Interest

Posted by Trevor Kearing on Nov 15th, 2024

China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 88,500 shares, a decrease of 21.3% from the October 15th total of 112,400 shares. Based on an average daily volume of 102,700 shares, the short-interest ratio is presently 0.9 days. Approximately 2.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of China Natural Resources in a report on Sunday, November 10th. They issued a “sell” rating on the stock.

Check Out Our Latest Analysis on CHNR

China Natural Resources Stock Performance

Shares of China Natural Resources stock traded up $0.03 during trading hours on Friday, hitting $0.67. The company’s stock had a trading volume of 2,093 shares, compared to its average volume of 458,954. The firm has a fifty day moving average of $0.70 and a 200-day moving average of $0.75. China Natural Resources has a twelve month low of $0.55 and a twelve month high of $8.85.

China Natural Resources Company Profile

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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.