NAMI Corp. (NASDAQ:NAMI) Short Interest Down 40.8% in May

NAMI Corp. (NASDAQ:NAMI) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 13,106 shares, a drop of 40.8% from the May 14th total of 22,123 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 312,462 shares, the days-to-cover ratio is presently 0.0 days.

NAMI Stock Up 2.5%

Shares of NASDAQ:NAMI opened at $0.25 on Wednesday. The firm’s 50 day simple moving average is $0.39 and its 200-day simple moving average is $0.55. NAMI has a one year low of $0.22 and a one year high of $2.05.

NAMI’s stock is scheduled to reverse split before the market opens on Tuesday, June 23rd. The 1-625 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.

NAMI (NASDAQ:NAMI) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $14.97 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of NAMI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NAMI has a consensus rating of “Sell”.

NAMI Company Profile

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.