China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 82,200 shares, a growth of 56.0% from the November 30th total of 52,700 shares. Based on an average trading volume of 71,800 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.3% of the company’s shares are sold short.
China Natural Resources Trading Down 4.5 %
Shares of CHNR opened at $0.63 on Monday. The company has a 50-day moving average of $0.64 and a 200 day moving average of $0.67. China Natural Resources has a 1-year low of $0.51 and a 1-year high of $8.85.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on China Natural Resources in a research report on Saturday. They set a “sell” rating for the company.
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.
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