Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Drops By 43.8%

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 21,807 shares, a decrease of 43.8% from the May 14th total of 38,814 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily volume of 4,996 shares, the short-interest ratio is currently 4.4 days.

China Natural Resources Trading Up 7.1%

Shares of CHNR traded up $0.27 during mid-day trading on Monday, reaching $3.99. 52,620 shares of the company’s stock were exchanged, compared to its average volume of 450,633. The company has a 50-day simple moving average of $4.09 and a two-hundred day simple moving average of $3.90. China Natural Resources has a 52-week low of $3.16 and a 52-week high of $8.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, China Natural Resources presently has a consensus rating of “Sell”.

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. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.