China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Up 247.3% in September

by · The Markets Daily

China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 96,200 shares, a growth of 247.3% from the August 31st total of 27,700 shares. Based on an average daily trading volume, of 283,100 shares, the short-interest ratio is presently 0.3 days. Currently, 2.7% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on China Natural Resources in a report on Monday. They set a “sell” rating for the company.

Read Our Latest Stock Analysis on CHNR

China Natural Resources Stock Performance

Shares of NASDAQ CHNR traded up $0.06 during mid-day trading on Friday, reaching $0.77. 210,411 shares of the company were exchanged, compared to its average volume of 529,658. China Natural Resources has a twelve month low of $0.55 and a twelve month high of $8.85. The company’s 50-day simple moving average is $0.63 and its 200-day simple moving average is $0.85.

China Natural Resources Company Profile

(Get Free Report)

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.

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