Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 21.3%

Posted by Samantha Reynolds on Nov 18th, 2024

China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 88,500 shares, a drop of 21.3% from the October 15th total of 112,400 shares. Based on an average daily volume of 102,700 shares, the short-interest ratio is presently 0.9 days. Currently, 2.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of China Natural Resources in a research note on Sunday, November 10th. They issued a “sell” rating on the stock.

Get Our Latest Analysis on China Natural Resources

China Natural Resources Stock Performance

NASDAQ CHNR remained flat at $0.64 during trading hours on Friday. The company had a trading volume of 17,239 shares, compared to its average volume of 30,692. China Natural Resources has a 1 year low of $0.55 and a 1 year high of $8.85. The stock has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.74.

China Natural Resources Company Profile

(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.