Short Interest in NAMI Corp. (NASDAQ:NAMI) Declines By 40.8%

NAMI Corp. (NASDAQ:NAMI) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 13,106 shares, a drop of 40.8% from the May 14th total of 22,123 shares. Based on an average trading volume of 312,462 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised NAMI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

NAMI Stock Down 4.5%

NAMI stock traded down $0.01 during mid-day trading on Monday, reaching $0.24. 144,781 shares of the company traded hands, compared to its average volume of 790,177. NAMI has a 52-week low of $0.22 and a 52-week high of $2.05. The company has a fifty day moving average price of $0.41 and a 200-day moving average price of $0.56.

Shares of NAMI are going to reverse split on the morning of Tuesday, June 23rd. The 1-625 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.

NAMI (NASDAQ:NAMI) last posted its earnings results on Tuesday, April 28th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $14.97 million during the quarter.

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.