NAMI Corp. (NASDAQ:NAMI) Short Interest Down 45.7% in August

NAMI Corp. (NASDAQ:NAMI) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 46,747 shares, a drop of 45.7% from the August 15th total of 86,062 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 71,289 shares, the short-interest ratio is presently 0.7 days.

NAMI Stock Performance

NAMI stock traded up $0.48 during trading on Tuesday, hitting $2.28. The company’s stock had a trading volume of 20,440,051 shares, compared to its average volume of 484,022. The stock’s fifty day moving average is $2.82 and its 200 day moving average is $7.68. NAMI has a 1-year low of $1.70 and a 1-year high of $28.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

NAMI Company Profile

Jinxin Technology Holding Co engages in the provision of digital content services. The company was founded in August 2015 and is headquartered in Shanghai, China.