China Natural Resources, Inc. (NASDAQ:CHNR – Get Free Report) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 78,200 shares, a drop of 33.3% from the January 31st total of 117,200 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 173,100 shares, the days-to-cover ratio is currently 0.5 days.
China Natural Resources Trading Up 2.1 %
Shares of CHNR opened at $0.58 on Wednesday. The stock has a 50 day moving average of $0.62 and a 200-day moving average of $0.64. China Natural Resources has a 52 week low of $0.51 and a 52 week high of $1.43.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on China Natural Resources in a research report on Sunday. They issued a “sell” rating for the company.
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.
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