China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 27,700 shares, a drop of 27.5% from the August 15th total of 38,200 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 265,500 shares, the days-to-cover ratio is presently 0.1 days.
China Natural Resources Price Performance
China Natural Resources stock opened at $0.66 on Tuesday. The stock has a 50-day simple moving average of $0.65 and a 200-day simple moving average of $0.88. China Natural Resources has a fifty-two week low of $0.55 and a fifty-two week high of $8.85.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of China Natural Resources in a research report on Sunday. They issued a “sell” rating for the company.
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.
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