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

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of China Natural Resources in a report on Wednesday, March 26th. They issued a “sell” rating on the stock.

China Natural Resources Stock Performance

Shares of CHNR stock traded up $0.02 during trading hours on Wednesday, hitting $0.58. The company had a trading volume of 8,023 shares, compared to its average volume of 165,289. China Natural Resources has a fifty-two week low of $0.51 and a fifty-two week high of $1.40. The company’s fifty day moving average is $0.58 and its 200 day moving average is $0.64.

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.