China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Down 55.2% in September

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 43,100 shares, a decline of 55.2% from the September 15th total of 96,200 shares. Based on an average daily trading volume, of 102,300 shares, the short-interest ratio is presently 0.4 days. Approximately 1.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on China Natural Resources in a research report on Wednesday. They set a “sell” rating on the stock.

China Natural Resources Trading Up 11.7 %

China Natural Resources stock traded up $0.08 during midday trading on Friday, reaching $0.81. The company’s stock had a trading volume of 205,088 shares, compared to its average volume of 512,856. The stock’s 50-day simple moving average is $0.65 and its 200-day simple moving average is $0.82. China Natural Resources has a 52-week low of $0.55 and a 52-week high of $8.85.

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.