Short Interest in NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) Drops By 63.2%

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 9,777 shares, a decrease of 63.2% from the January 15th total of 26,542 shares. Based on an average daily volume of 25,622 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 25,622 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NiSun International Enterprise Development Group in a research report on Friday, December 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of NiSun International Enterprise Development Group

An institutional investor recently raised its position in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC increased its stake in shares of NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 0.50% of NiSun International Enterprise Development Group worth $89,000 as of its most recent filing with the SEC. Institutional investors own 4.73% of the company’s stock.

NiSun International Enterprise Development Group Stock Performance

Shares of NASDAQ:NISN traded up $0.20 during trading hours on Thursday, hitting $1.49. 211,082 shares of the company’s stock traded hands, compared to its average volume of 90,093. The company’s fifty day simple moving average is $1.63 and its two-hundred day simple moving average is $3.04. NiSun International Enterprise Development Group has a 52 week low of $0.91 and a 52 week high of $9.33.

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.