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

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 338,200 shares, an increase of 2,521.7% from the June 15th total of 12,900 shares. Approximately 9.6% of the shares of the stock are short sold. Based on an average daily volume of 297,700 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on China Natural Resources in a research report on Friday, July 5th. They issued a “sell” rating on the stock.

China Natural Resources Stock Performance

Shares of CHNR opened at $0.78 on Friday. The company’s fifty day moving average is $0.85 and its 200 day moving average is $1.11. China Natural Resources has a fifty-two week low of $0.61 and a fifty-two week high of $8.85.

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.