China Natural Resources, Inc. (NASDAQ:CHNR) Short Interest Down 56.2% in July

Posted by Eileen French on Jul 26th, 2024

China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 148,000 shares, a decline of 56.2% from the June 30th total of 338,200 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average trading volume of 300,200 shares, the short-interest ratio is currently 0.5 days.

China Natural Resources Stock Performance

Shares of NASDAQ:CHNR traded down $0.02 on Friday, hitting $0.67. 6,010 shares of the company were exchanged, compared to its average volume of 662,637. The company’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $1.05. China Natural Resources has a one year low of $0.61 and a one year high of $8.85.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of China Natural Resources in a report on Sunday, July 21st. They set a “sell” rating on the stock.

Get Our Latest Report on CHNR

About China Natural Resources

(Get Free Report)

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.