China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 17,789 shares, a growth of 65.7% from the July 15th total of 10,736 shares. Based on an average daily volume of 51,172 shares, the short-interest ratio is presently 0.3 days. Currently, 1.8% of the company’s stock are sold short.
China Natural Resources Price Performance
Shares of China Natural Resources stock traded down $0.07 during trading hours on Monday, reaching $4.10. 8,625 shares of the company’s stock were exchanged, compared to its average volume of 334,909. The business has a fifty day moving average of $3.92 and a two-hundred day moving average of $3.93. China Natural Resources has a 1 year low of $3.18 and a 1 year high of $8.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, China Natural Resources has an average rating of “Sell”.
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. 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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