Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Grows By 247.3%

Posted by Maddie Sorensen on Sep 27th, 2024

China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 96,200 shares, a growth of 247.3% from the August 31st total of 27,700 shares. Based on an average daily volume of 283,100 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.7% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of China Natural Resources in a research report on Monday. They issued a “sell” rating for the company.

Check Out Our Latest Stock Analysis on CHNR

China Natural Resources Price Performance

Shares of NASDAQ CHNR traded up $0.06 during mid-day trading on Friday, hitting $0.77. The company had a trading volume of 210,411 shares, compared to its average volume of 529,658. China Natural Resources has a one year low of $0.55 and a one year high of $8.85. The firm has a 50-day simple moving average of $0.63 and a two-hundred day simple moving average of $0.85.

About China Natural Resources

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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.