China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Down 67.5% in March

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 21,800 shares, a decrease of 67.5% from the March 15th total of 67,100 shares. Based on an average trading volume of 156,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on China Natural Resources in a research note on Friday, April 11th. They set a “sell” rating for the company.

China Natural Resources Stock Performance

Shares of CHNR traded up $0.01 during mid-day trading on Thursday, reaching $0.48. 7,393 shares of the company’s stock traded hands, compared to its average volume of 154,892. China Natural Resources has a 12 month low of $0.45 and a 12 month high of $1.14. The business’s 50-day moving average price is $0.56 and its 200-day moving average price is $0.63.

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.