China Natural Resources Inc (NASDAQ:CHNR) Short Interest Up 15.8% in October

China Natural Resources Inc (NASDAQ:CHNR) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 36,000 shares, an increase of 15.8% from the September 30th total of 31,100 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 18,100 shares, the short-interest ratio is currently 2.0 days.

NASDAQ CHNR traded down $0.05 on Tuesday, reaching $1.66. 505 shares of the stock traded hands, compared to its average volume of 30,016. The company has a fifty day moving average price of $1.67 and a 200-day moving average price of $1.71. China Natural Resources has a 12 month low of $1.01 and a 12 month high of $2.68.

A hedge fund recently bought a new stake in China Natural Resources stock. Susquehanna International Group LLP bought a new stake in shares of China Natural Resources Inc (NASDAQ:CHNR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,537 shares of the basic materials company’s stock, valued at approximately $40,000. Susquehanna International Group LLP owned approximately 0.09% of China Natural Resources as of its most recent SEC filing. 0.26% of the stock is currently owned by institutional investors.

Separately, ValuEngine lowered China Natural Resources from a “hold” rating to a “sell” rating in a research report on Friday, October 4th.

About China Natural Resources

China Natural Resources, Inc, through its subsidiaries, engages in the exploration of metal properties in the People's Republic of China. The company primarily explores for lead, silver, copper, and other metal deposits. It holds interest in the Moruogu Tong mine that covers an area of 10.43 square kilometers located in Bayannaoer City, Inner Mongolia.

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