Short Interest in China Natural Resources, Inc. (NASDAQ:CHNR) Declines By 18.2%

China Natural Resources, Inc. (NASDAQ:CHNR) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 67,100 shares, a decline of 18.2% from the February 28th total of 82,000 shares. Based on an average daily volume of 168,300 shares, the short-interest ratio is presently 0.4 days. Approximately 1.9% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on China Natural Resources in a research report on Thursday. They set a “sell” rating on the stock.

China Natural Resources Price Performance

CHNR stock opened at $0.58 on Thursday. China Natural Resources has a one year low of $0.51 and a one year high of $1.40. The company’s 50 day moving average price is $0.58 and its two-hundred day moving average price is $0.64.

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.