China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Down 62.6% in July

China Natural Resources, Inc. (NASDAQ:CHNR) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 55,400 shares, a decline of 62.6% from the July 15th total of 148,000 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 267,200 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of China Natural Resources in a research note on Tuesday, August 6th. They issued a “sell” rating on the stock.

China Natural Resources Stock Performance

Shares of NASDAQ:CHNR opened at $0.62 on Tuesday. China Natural Resources has a 52 week low of $0.55 and a 52 week high of $8.85. The company’s fifty day moving average is $0.74 and its 200-day moving average is $0.99.

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.