Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 55.2%

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 43,100 shares, a decline of 55.2% from the September 15th total of 96,200 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 102,300 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of China Natural Resources in a research note on Wednesday. They issued a “sell” rating for the company.

China Natural Resources Price Performance

Shares of NASDAQ CHNR traded up $0.08 during midday trading on Friday, reaching $0.81. 205,088 shares of the company’s stock traded hands, compared to its average volume of 512,856. The stock’s 50 day simple moving average is $0.65 and its 200-day simple moving average is $0.82. China Natural Resources has a one year low of $0.55 and a one year high of $8.85.

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.