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) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 17,100 shares, a decrease of 22.8% from the November 30th total of 22,145 shares. Based on an average daily volume of 9,948 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 9,948 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC increased its position in shares of NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,878 shares of the company’s stock after purchasing an additional 6,325 shares during the quarter. Squarepoint Ops LLC owned 0.50% of NiSun International Enterprise Development Group worth $89,000 at the end of the most recent reporting period. 4.73% of the stock is owned by institutional investors.

NiSun International Enterprise Development Group Trading Down 11.0%

NASDAQ:NISN traded down $0.13 during trading hours on Tuesday, reaching $1.05. 191,034 shares of the company were exchanged, compared to its average volume of 42,311. The business has a 50 day moving average of $3.31 and a 200 day moving average of $3.67. NiSun International Enterprise Development Group has a 1-year low of $0.96 and a 1-year high of $9.33.

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 data from MarketBeat, the company currently has an average rating of “Sell”.

About NiSun International Enterprise Development Group

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.