Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 46.3%

China Natural Resources, Inc. (NASDAQ:CHNR) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 4,233 shares, a drop of 46.3% from the August 15th total of 7,885 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 3,979 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

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.com, the stock presently has a consensus rating of “Sell”.

China Natural Resources Stock Up 8.0%

NASDAQ CHNR opened at $4.00 on Thursday. The firm’s fifty day moving average price is $3.93 and its two-hundred day moving average price is $3.99. China Natural Resources has a 1 year low of $3.18 and a 1 year high of $8.20.

China Natural Resources Company Profile

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.