Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Increases By 65.7%

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 17,789 shares, an increase of 65.7% from the July 15th total of 10,736 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 51,172 shares, the days-to-cover ratio is presently 0.3 days.

China Natural Resources Trading Down 1.7%

China Natural Resources stock traded down $0.07 during mid-day trading on Monday, reaching $4.10. The company had a trading volume of 8,625 shares, compared to its average volume of 334,909. The stock’s 50-day simple moving average is $3.92 and its 200-day simple moving average is $3.93. China Natural Resources has a 1 year low of $3.18 and a 1 year high of $8.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.