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

by · The Cerbat Gem

China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 15,273 shares, a drop of 30.4% from the December 15th total of 21,955 shares. Based on an average daily trading volume, of 7,213 shares, the short-interest ratio is presently 2.1 days. Approximately 1.6% of the company’s shares are short sold. Approximately 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 7,213 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of China Natural Resources in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Report on CHNR

China Natural Resources Trading Down 15.9%

Shares of NASDAQ:CHNR opened at $3.81 on Friday. The stock has a fifty day moving average of $3.78 and a 200-day moving average of $4.22. China Natural Resources has a one year low of $3.16 and a one year high of $8.20.

China Natural Resources (NASDAQ:CHNR – Get Free Report) last posted 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

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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.

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