Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Increases By 150.4%

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 40,346 shares, an increase of 150.4% from the January 15th total of 16,111 shares. Based on an average trading volume of 69,073 shares, the short-interest ratio is currently 0.6 days. Currently, 4.3% of the shares of the stock are short sold. Currently, 4.3% of the shares of the stock are short sold. Based on an average trading volume of 69,073 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, China Natural Resources has an average rating of “Sell”.

China Natural Resources Trading Down 2.6%

NASDAQ CHNR traded down $0.09 during trading hours on Friday, hitting $3.42. 11,502 shares of the company’s stock were exchanged, compared to its average volume of 42,189. The stock has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $4.24. China Natural Resources has a 1-year low of $3.16 and a 1-year high of $8.20.

China Natural Resources (NASDAQ:CHNR) last released its earnings results on Wednesday, December 31st. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter.

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