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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

NAMI Price Performance

Shares of NAMI stock traded up $0.10 during mid-day trading on Friday, reaching $2.19. The stock had a trading volume of 19,022 shares, compared to its average volume of 4,699,632. The firm’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $6.46. NAMI has a one year low of $1.55 and a one year high of $26.75.

NAMI (NASDAQ:NAMI) last released its quarterly earnings data on Tuesday, September 22nd. The company reported ($3.31) earnings per share (EPS) for the quarter. The firm 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.