China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Down 18.2% in March

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 67,100 shares, a drop of 18.2% from the February 28th total of 82,000 shares. Based on an average daily trading volume, of 168,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.9% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on China Natural Resources in a report on Wednesday, March 26th. They issued a “sell” rating for the company.

China Natural Resources Price Performance

CHNR stock traded up $0.02 during trading on Wednesday, reaching $0.58. 8,023 shares of the stock were exchanged, compared to its average volume of 165,289. The business has a 50 day moving average price of $0.58 and a 200-day moving average price of $0.64. China Natural Resources has a 1 year low of $0.51 and a 1 year high of $1.40.

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.