NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) Short Interest Down 22.8% in December

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 17,100 shares, a decline of 22.8% from the November 30th total of 22,145 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 9,948 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 9,948 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of NiSun International Enterprise Development Group

A hedge fund recently raised its stake in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC boosted its stake in NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,878 shares of the company’s stock after buying an additional 6,325 shares during the period. Squarepoint Ops LLC owned approximately 0.50% of NiSun International Enterprise Development Group worth $89,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 4.73% of the company’s stock.

NiSun International Enterprise Development Group Price Performance

NASDAQ NISN traded down $0.13 during trading on Tuesday, reaching $1.05. 191,034 shares of the company’s stock were exchanged, compared to its average volume of 42,311. NiSun International Enterprise Development Group has a fifty-two week low of $0.96 and a fifty-two week high of $9.33. The business has a 50 day moving average price of $3.31 and a 200-day moving average price of $3.67.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NiSun International Enterprise Development Group in a research note on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

NiSun International Enterprise Development Group Company Profile

NiSun International Enterprise Development Group Limited (NASDAQ: NISN) is a China-based diversified enterprise primarily engaged in the procurement and distribution of telecommunications products, property services and outdoor advertising. Through its telecommunications segment, NiSun sources and supplies prepaid calling cards, prepaid cellular cards and recharge vouchers for major domestic carriers, including China Mobile, China Unicom and China Telecom. This business leverages the company’s nationwide distribution network to serve retail outlets, convenience stores and e-commerce platforms across Mainland China.

In addition to its telecom operations, NiSun provides property management and commercial real estate services.