China Natural Resources, Inc. (NASDAQ:CHNR) Sees Large Increase in Short Interest

China Natural Resources, Inc. (NASDAQ:CHNR) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 64,992 shares, an increase of 198.0% from the May 31st total of 21,807 shares. Currently, 6.7% of the shares of the stock are sold short. Based on an average daily volume of 368,651 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of China Natural Resources in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

China Natural Resources Stock Performance

China Natural Resources stock traded up $0.07 during mid-day trading on Friday, hitting $3.90. 5,568 shares of the company’s stock were exchanged, compared to its average volume of 233,019. China Natural Resources has a fifty-two week low of $3.16 and a fifty-two week high of $8.20. The company’s 50 day simple moving average is $4.12 and its 200-day simple moving average is $3.93.

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.