NAMI Corp. (NASDAQ:NAMI) Shares Shorted: Short Interest Up 539.7% in September

NAMI Corp. (NASDAQ:NAMI) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 303,550 shares, an increase of 539.7% from the September 15th total of 47,452 shares. Based on an average daily volume of 6,196,709 shares, the short-interest ratio is presently 0.0 days. Approximately 9.6% of the shares of the company are short sold.

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 29th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

NAMI Trading Up 4.8%

Shares of NASDAQ:NAMI traded up $0.10 during midday trading on Friday, hitting $2.19. The company’s stock had a trading volume of 19,022 shares, compared to its average volume of 4,699,632. The stock’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $6.46. NAMI has a fifty-two week low of $1.55 and a fifty-two week high of $26.75.

NAMI (NASDAQ:NAMI) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported ($3.31) earnings per share for the quarter. The company had revenue of $10.46 million during the quarter.

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.