NAMI Corp. (NASDAQ:NAMI) Sees Large Increase in Short Interest

NAMI Corp. (NASDAQ:NAMI) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 86,062 shares, an increase of 906.9% from the July 30th total of 8,547 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 5,877,553 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of NAMI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NAMI currently has an average rating of “Sell”.

NAMI Stock Performance

Shares of NAMI stock traded up $0.12 during midday trading on Thursday, hitting $2.47. The company had a trading volume of 11,383 shares, compared to its average volume of 405,967. NAMI has a 52-week low of $2.25 and a 52-week high of $37.00. The company has a 50 day moving average of $3.47 and a 200 day moving average of $8.77.

About NAMI

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.