NAMI Corp. (NASDAQ:NAMI) Short Interest Down 45.7% in August

NAMI Corp. (NASDAQ:NAMI) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 46,747 shares, a decrease of 45.7% from the August 15th total of 86,062 shares. Based on an average daily volume of 71,289 shares, the short-interest ratio is currently 0.7 days. Currently, 1.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NAMI has a consensus rating of “Sell”.

NAMI Stock Performance

Shares of NASDAQ:NAMI traded up $0.48 during trading hours on Tuesday, hitting $2.28. 20,440,051 shares of the company’s stock traded hands, compared to its average volume of 484,022. The company’s fifty day simple moving average is $2.82 and its two-hundred day simple moving average is $7.68. NAMI has a 52 week low of $1.70 and a 52 week high of $28.50.

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.