Short Interest in NAMI Corp. (NASDAQ:NAMI) Drops By 53.1%

NAMI Corp. (NASDAQ:NAMI) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,547 shares, a decline of 53.1% from the July 15th total of 18,230 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 7,878 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

NAMI Price Performance

NAMI stock remained flat at $3.17 on Monday. The company had a trading volume of 42,801 shares, compared to its average volume of 422,485. The company has a 50-day moving average price of $4.09 and a two-hundred day moving average price of $9.47. NAMI has a 12 month low of $2.39 and a 12 month high of $51.25.

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.